SonicR PVA Volumes

2022年2月16日

I decided to practice and rewrite some interesting scripts from mt4 to pinescript for myself, all credits are in the source code.

An interesting indicator, I decided to post it like all other alternatives have closed source code, I hope it will be useful for someone!

With this indicator, you can filter small volumes, thereby making less noise so that you notice a possible trend reversal.

For example, rising/extreme factor set to - 1.263, some volume was filtered, now it's more easy to understand, isn't ?

2022年2月16日

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Updated the preview for a more understandable purpose of the script

2022年3月21日

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Update v1.0
[*1] - Indicator bug fix for cryptocurrency pairs thanks to jonatasbermudes
[*2] - Alerts fixed
[*3] - Small bug fixes (typo, etc.)

2023年4月9日

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[ * ] Optimized the logic to be compatible for all markets, including forex and crypto
[ * ] Added 5 colors instead of 5, thanks to eyeioanh for the noticing this.
[ * ] Now it's more likely near to the original lua script for MT4.

Enjoy :)