// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © loxx

//@version=5 indicator("Jurik Volty [Loxx]", overlay = false, shorttitle="JV [Loxx]", timeframe="", timeframe_gaps=true)

greencolor = #2DD204
redcolor = #D2042D

price = input.source(close, "Source") length = input.int(15, "Length") colorbars = input.bool(false, "Color bars?")

len1 = math.max(math.log(math.sqrt(0.5 * (length-1))) / math.log(2.0) + 2.0,0) pow1 = math.max(len1 - 2.0, 0.5)

voltya = 2.0 avolty = 4.0 vsum = 3.0 bsmax = 0.0 bsmin = 1.0 avgLen = 65

del1 = price - nz(bsmax[1]) del2 = price - nz(bsmin[1])

if(math.abs(del1) > math.abs(del2)) voltya := math.abs(del1)

if(math.abs(del1) < math.abs(del2)) voltya := math.abs(del2)

vsum := nz(vsum[1]) + 0.1 * (voltya - nz(voltya[9]))

avg = ta.sma(vsum, avgLen)

avolty := avg
dVolty = avolty > 0 ? voltya / avolty : 0

if (dVolty > math.pow(len1, 1.0/pow1)) dVolty := math.pow(len1, 1.0/pow1)

if (dVolty < 1)
dVolty := 1.0

pow2 = math.pow(dVolty, pow1) len2 = math.sqrt(0.5 * (length - 1)) * len1 Kv = math.pow(len2 / (len2 + 1), math.sqrt(pow2))

if (del1 > 0) bsmax := price else bsmax := price - Kv * del1

if (del2 < 0) bsmin := price else bsmin := price - Kv * del2

plot(avolty, color = color.white, linewidth = 2) plot(vsum, color = vsum >= avolty ? greencolor : color.gray, linewidth = 3)

barcolor(colorbars ? vsum >= avolty ? greencolor : color.gray : na)