RG Structure v2.0 [Visual Edition] is a strategy that identifies pivot points over a lookback window to construct trendlines. It evaluates breaks and retests of these trendlines using scoring weights, violation penalties, and regime detection to generate entry
Strategy · Pine Script v6 · On the chart
Chained Linear Regression Reversal Strategy
The Chained Linear Regression Reversal Strategy plots linear regression channels with upper and lower standard deviation bands directly on the price chart across a user-defined time window.
GitHub stars218on the repository
Pine versionv6current
Lines of code1,100
Settings24inputs
LicenceNone stated
Last update3 months ago23 Jul 2026
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
When price breaks out of the static channel for a confirmed number of bars, a dynamic regression tracking channel starts and locks into a new static channel once its Pearson correlation drops below a set threshold. Trades execute based on channel signals using fixed point-based stop loss and take profit orders.
- Linear regression channels with deviation bands
- Dynamic regression locking via Pearson correlation threshold
- Breakout confirmation filter for channel resets
- Fixed point-based stop loss and take profit targets
Details
Published by
TradersPost on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Support & resistance, Mean reversion, Breakout
Markets
Any symbol
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start Time | time | timestamp("2024-01-01 00:00") | startTime |
| End Time | time | timestamp("2024-12-31 23:59") | endTime |
| Ignore Wicks | bool | false | ignoreWicks |
| Price Source | source | close | priceSource |
| Regression Mode | string | Both | regressionMode |
| Upper Deviation | bool | true | showUpperChannel |
| upperDeviation | float | 3.0 | upperDeviation |
| Lower Deviation | bool | true | showLowerChannel |
| lowerDeviation | float | 3.0 | lowerDeviation |
| Breakout Confirmation Bars | int | 1 | breakoutConfirmation |
| Lock R Threshold | float | 0.85 | lockRThreshold |
| Min Bars Before Lock | int | 5 | minBarsBeforeLock |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Bars Timeout | int | 50 | maxBarsTimeout |
| Enable Strategy | bool | true | enableStrategy |
| Stop Loss (Points) | float | 10.0 | stopLossPoints |
| Take Profit (Points) | float | 20.0 | takeProfitPoints |
| Uptrend Color | color | #26a69a | uptrendColor |
| Downtrend Color | color | #ef5350 | downtrendColor |
| Show Entry Regressions | bool | true | showEntryRegressions |
| Entry Regression Color | color | #ff9800 | entryRegressionColor |
| Fill Transparency | int | 93 | fillTransparency |
| Line Width | int | 2 | lineWidth |
| Show Statistics Table | bool | false | showStatsTable |
| Table Position | string | Top Right | tablePosition |
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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