It's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume .
Also you can check divergences for trend reversal and momentum loss.
backtest
/*backtest start: 2022-04-25 00:00:00 end: 2022-05-24 23:59:00 period: 30m basePeriod: 15m exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © baymucuk //@version=4