OPEN-SOURCE SCRIPT
Hydra PVSRA
Hydra PVSRA
The Hydra PVSRA is a high-performance analysis tool designed to identify significant market participation by combining volume surges with price expansion logic. By filtering "noise" and focusing on high-interest areas, this indicator helps traders spot potential institutional "footprints" and potential trend reversals.
🚀 Key Features
• Dynamic Volume Spike Detection: Automatically identifies candles where volume exceeds a user-defined percentage of the recent average (default 150%).
• Vector Candle Logic: Goes beyond simple volume by identifying "Vector Candles"—bars that exhibit both high volume and high price spread (volatility). This represents significant "effort" resulting in clear price displacement.
• External Source Override: A powerful feature for cross-exchange analysis. You can override the local volume with a feed from another ticker (e.g., using CME Bitcoin Futures volume while trading on a spot exchange).
• Price Chart Integration: Toggle the "Apply to Price Candles" option to have the detected signals color your main price chart candles automatically.
• Dual Color Themes: Separate, fully customizable color sets for standard local volume and external volume feeds.
• Smart Alerts: Integrated alert() functionality for both general Volume Spikes and specific Bullish/Bearish Vector Candles.
📊 How it Works
1. Volume Spikes
The indicator calculates a Simple Moving Average (SMA) of volume over a lookback period. If the current volume exceeds this average by your specified multiplier, it is flagged as a Spike. This highlights sudden bursts of activity.
2. Vector Candles
A Vector Candle is the ultimate sign of market intent. It occurs when:
• A Volume Spike is present.
• The Price Spread (High - Low) is significantly larger than the recent average spread.
Bullish Vectors suggest aggressive buying/short covering.
Bearish Vectors suggest aggressive selling/long liquidation.
3. External Volume Feed
Professional traders often look at high-liquidity exchanges for the "true" volume. This script allows you to view volume from a master source (like CME or Binance) while keeping your eyes on your preferred trading pair's price action.
⚙️ Settings
Lookback Period: Adjust the window for calculating average volume and spread (Default: 20).
Volume Increase %: The sensitivity for a "spike" (Default: 150%).
Vector Spread Multiplier: How much price expansion is required to upgrade a spike to a "Vector" (Default: 1.5x).
External Symbol: Choose any ticker to use as your volume source.
🔔 Alerts
To set up alerts, create an alert on the indicator and select "Any alert() function call". You will receive notifications for:
• Standard Volume Spikes
• Bullish Vector Candles
• Bearish Vector Candles
The Hydra PVSRA is a high-performance analysis tool designed to identify significant market participation by combining volume surges with price expansion logic. By filtering "noise" and focusing on high-interest areas, this indicator helps traders spot potential institutional "footprints" and potential trend reversals.
🚀 Key Features
• Dynamic Volume Spike Detection: Automatically identifies candles where volume exceeds a user-defined percentage of the recent average (default 150%).
• Vector Candle Logic: Goes beyond simple volume by identifying "Vector Candles"—bars that exhibit both high volume and high price spread (volatility). This represents significant "effort" resulting in clear price displacement.
• External Source Override: A powerful feature for cross-exchange analysis. You can override the local volume with a feed from another ticker (e.g., using CME Bitcoin Futures volume while trading on a spot exchange).
• Price Chart Integration: Toggle the "Apply to Price Candles" option to have the detected signals color your main price chart candles automatically.
• Dual Color Themes: Separate, fully customizable color sets for standard local volume and external volume feeds.
• Smart Alerts: Integrated alert() functionality for both general Volume Spikes and specific Bullish/Bearish Vector Candles.
📊 How it Works
1. Volume Spikes
The indicator calculates a Simple Moving Average (SMA) of volume over a lookback period. If the current volume exceeds this average by your specified multiplier, it is flagged as a Spike. This highlights sudden bursts of activity.
2. Vector Candles
A Vector Candle is the ultimate sign of market intent. It occurs when:
• A Volume Spike is present.
• The Price Spread (High - Low) is significantly larger than the recent average spread.
Bullish Vectors suggest aggressive buying/short covering.
Bearish Vectors suggest aggressive selling/long liquidation.
3. External Volume Feed
Professional traders often look at high-liquidity exchanges for the "true" volume. This script allows you to view volume from a master source (like CME or Binance) while keeping your eyes on your preferred trading pair's price action.
⚙️ Settings
Lookback Period: Adjust the window for calculating average volume and spread (Default: 20).
Volume Increase %: The sensitivity for a "spike" (Default: 150%).
Vector Spread Multiplier: How much price expansion is required to upgrade a spike to a "Vector" (Default: 1.5x).
External Symbol: Choose any ticker to use as your volume source.
🔔 Alerts
To set up alerts, create an alert on the indicator and select "Any alert() function call". You will receive notifications for:
• Standard Volume Spikes
• Bullish Vector Candles
• Bearish Vector Candles
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Safe Trading = Profitable Trading
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Safe Trading = Profitable Trading
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.