Commodity Heat Reversal plots score-based mean-reversion reversal markers on the price chart for commodity futures, aimed at the four-hour timeframe. It builds separate long and short heat scores from ATR distance to a mean moving average, ATR expansion, RSI e
Indicator · Pine Script v6 · On the chart
Hedge Short Setup Outcome Auditor
This overlay indicator recreates short-setup conditions and audits their later outcomes on the price chart.
GitHub stars3on the repository
Pine versionv6current
Lines of code237
Settings25inputs
LicenceNone stated
Last update1 year ago15 Oct 2025
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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 Outcome Auditor scores optional percent-surge, RSI overbought rollover, Bollinger exhaustion, volume spike, and EMA trend filters, then marks BASE or STRONG signals once a chosen confluence count is met. Signals can wait for bar close and the first bar of a cluster. An ATR multiple defines the take-profit level used to time outcomes; the stop-loss multiple is display-only. A table can summarize results.
- Surge, RSI, Bollinger, and volume confluence
- BASE and STRONG short setup grades
- ATR-based take-profit outcome tracking
- Color-coded result labels on the chart
- Optional summary statistics table
Details
Published by
shitcoding on GitHub
Type
Draws
On the price chart
Markets
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.
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 (e.g., 72 bars ≈ 3d on 1h) | 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 25 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 (1..4) | int | 2 | minConf |
| Min confluence for STRONG (2..4) | int | 3 | strongConf |
| Fire signals on bar close only | bool | true | fireOnClose |
| Only first bar of a cluster (avoid repeated alerts) | bool | true | oneShot |
| ATR Length | int | 14 | atrLen |
| Suggested SL = ATR × (unused, for display) | float | 1.5 | atrSLx |
| TP = ATR × | float | 1.0 | atrTPx |
| Datetime offset from UTC (hours) | int | 3 | tzOffsetH |
| Show summary table (hit rates) | bool | true | showTable |
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.
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