SonicR PVA Volume Indicator for Rising and Extreme Activity

Summary

This document outlines a SonicR PVA volume indicator that classifies trading activity by comparing candle volume with thresholds derived from recent observations. Its inputs include a period for calculating extreme volume values, a period for detecting rising volume, and separate adjustment factors for the rising and extreme thresholds. The display assigns states according to whether volume is neutral, increasing, or extreme, and whether the candle closes bullish or bearish.

The indicator is a visual aid for interpreting volume alongside candle direction; the description does not specify a trading rule, entry or exit conditions, or a particular market. It gives no backtest, performance evidence, or detailed formulas for the thresholds, so users cannot assess its predictive value from this description alone. Signal meaning will depend on parameter choices and market context, and volume classifications by themselves do not establish likely future price direction.

Key ideas

• The indicator classifies volume as neutral, rising, or extreme using configurable periods and factors.
• Bullish and bearish candles receive different visual states when volume is rising or extreme.
• The description presents a visualization tool rather than a complete trading strategy.
• No formulas, backtest results, or evidence of predictive performance are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.