The indicator of increasing SonicR PVA Volumes and their extreme values
It has four inputs:
- Climax period – extreme values calculation period
- Rising period – emerging values calculation period
- Rising factor – ratio of correcting emerging values relative to the candle volume
- Extreme factor – ratio of correcting extreme values relative to the candle volume
The indicator displays five states:
- Increasing volumes on a bullish candle – light-green
- Increasing volumes on a bearish candle – orange
- Extreme volumes on a bullish candle – green
- Extreme volumes on a bearish candle – red
- Neutral volumes – gray