Hedge Short Setup Backtest (with…: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Hedge Short Setup Backtest (with SL+TP) combines price surge detection, RSI overbought conditions with rollover confirmation, Bollinger Band exhaustion, and optional volume spikes alongside an EMA trend filter. When the chosen confluence threshold is met, it executes a short trade. Exits are managed dynamically using ATR-based stop loss and take profit targets.

Multi-factor confluence short signal engine
Price surge and RSI rollover detection
Bollinger Bands exhaustion filter
ATR-based stop loss and take profit exits
EMA trend filter and volume spike options

Details

Published by

shitcoding on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

short_setup_finder/short_strategy_backtest_SL+TP.pine

Repository

github.com/shitcoding/tradingview_scripts. See its other scripts in the library

Topics

pinescripttradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Use % Surge condition	`bool`	`true`	`useSurge`
Lookback bars	`int`	`72`	`surgeLb`
Price ↑ over lookback ≥ (%)	`float`	`10.0`	`surgePct`
Use RSI overbought & roll-over	`bool`	`true`	`useRSI`
RSI Length	`int`	`14`	`rsiLen`
RSI Overbought Level	`int`	`70`	`rsiOb`
Require RSI rolling over (RSI < RSI[1])	`bool`	`true`	`needRoll`
Use Bollinger exhaustion filter	`bool`	`true`	`useBB`
BB Length	`int`	`20`	`bbLen`
BB StdDev Mult	`float`	`2.0`	`bbMult`
Exhaustion Logic	`string`	`Touch+Re-entry`	`bbMode`
Require volume spike	`bool`	`false`	`useVol`

Show all 23 settings

Setting	Type	Default	Variable
Volume SMA Length	`int`	`20`	`volLen`
Volume ≥ SMA ×	`float`	`1.5`	`volMult`
Trend Filter	`string`	`Off`	`trendMode`
EMA length for trend	`int`	`200`	`emaLen`
Min confluence for BASE	`int`	`2`	`minConf`
Min confluence for STRONG	`int`	`3`	`strongConf`
Fire on bar close only	`bool`	`true`	`fireOnClose`
Avoid repeated signals (cluster)	`bool`	`true`	`oneShot`
ATR Length	`int`	`14`	`atrLen`
Stop Loss = ATR ×	`float`	`1.5`	`atrSLx`
Take Profit = ATR ×	`float`	`1.0`	`atrTPx`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

Similar Pine Scripts

Capital41 Fusion Core Strategy

by damianpitt

6

Capital41 Fusion Core Strategy is an overlay trading strategy that combines an exponential moving average trend filter, RSI, Williams %R, and volume/ATR expansion into a composite momentum oscillator. It executes long trades when the smoothed oscillator crosse

Strategy v6 TrendOscillators & momentum

Updated 2 months ago · MIT

XAUUSD High Probability Strategy

by BERGzie

4

This strategy executes trades on gold based on a confluence of Supertrend, RSI, MACD, Bollinger Bands, and volume spikes. It enters long or short positions when trend direction aligns with momentum and price positioning relative to volatility bands, filtered b

Strategy v6 TrendOscillators & momentum

Updated 1 year ago · None stated

Parabolic SAR

by g-moe

3

This strategy overlays a smoothed moving average on price and combines it with Aroon, Chaikin Money Flow and a Chaikin oscillator to define long and short conditions. Relative Vigor Index and Parabolic SAR values are calculated for exits. Entries can be limite

Strategy v5 TrendOscillators & momentum

Updated 5 months ago · None stated

MACD & VWAP Strategy with ATR SL/Targets

by adminalphabots

2

This strategy calculates MACD, ADX trend strength, ATR, and a rolling VWAP resetting at fixed bar intervals. It plots the VWAP line, stop loss levels, and profit targets directly on the price chart. Long positions enter when MACD crosses above its signal line

Strategy v5 TrendOscillators & momentum Repaints

Updated 8 months ago · MIT

TLC 0TO100 Five Indicators Strategy

by hbelloma

2

This strategy generates trade entries by combining up to five normalized 0-100 technical indicators: Relative Strength Index (RSI with divergence detection), Stochastic RSI, Money Flow Index (MFI), Relative Volatility Index (RVI), and Average Directional Index

Strategy v5 Oscillators & momentumVolatility & bands