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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
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Safe Trading = Profitable Trading
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Safe Trading = Profitable Trading
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.