The conversion indicator is much like the in-built indicator. This particular indicator allows you to find out how much of something has been traded in a given timeframe.
This is done by multiplying by the average price at that point.
What does this mean?
Well, say, for example, you were watching DGB / BTC ( DigiByte/Bitcoin ). Instead of the being displayed in the amount of DGB traded, the amount of BTC traded is displayed instead.
Feel free to comment... Hope this helps :D
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.