This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v6 · On the chart
RG Structure Trading v4.0
This strategy tracks pivot-constrained structural boundaries and executes breakout and retest trades directly on the price chart.
GitHub stars5on the repository
Pine versionv6current
Lines of code654
Settings40inputs
LicenceNone stated
Last update7 weeks ago3 Sep 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
RG Structure Trading v4.0 fits robust trendline boundaries using pivot points, evaluates structural quality via a Q-Score metric, and filters entries through an Efficiency Ratio regime detector. Trades trigger on confirmed retests with candle rejection scoring, graded into tiers that scale risk. Exits utilize ATR-buffered stop losses, a breakeven mechanism, multi-stage partial profit-taking, and an ATR trailing stop alongside daily loss limits.
- Robust pivot boundary estimation with touch scoring
- Dual-threshold Q-Score structural quality grading
- Efficiency ratio regime and crossing detection
- Confirmation-based breakout and retest logic
- Multi-stage exits with ATR trailing and breakeven stops
Details
Published by
AllienNova on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Support & resistance, Trend
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.
Topics
aicredit-repairfintechtypescript
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Confirmation Bars | int | 2 | pivotConfirm |
| Max Pivots to Track | int | 12 | maxPivots |
| Touch Tolerance (ATR) | float | 0.30 | touchTolerance |
| Violation Penalty λ | float | 2.0 | violationPenalty |
| Persistence Weight ω | float | 0.20 | persistenceWeight |
| Minimum Touches (RANSAC) | int | 3 | minTouches |
| Max Slope (ATR/bar) | float | 0.02 | maxSlopeATR |
| Q-Score Grade A Threshold | float | 0.70 | qScoreA |
| Q-Score Grade B Threshold | float | 0.55 | qScoreB |
| Max Risk Geometry d_geom (ATR) | float | 2.5 | maxRiskGeometry |
| Min Risk Geometry d_geom (ATR) | float | 0.5 | minRiskGeometry |
| Efficiency Ratio Period | int | 20 | erPeriod |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ER Trend Threshold | float | 0.45 | erTrendThreshold |
| Cross Count Period | int | 20 | crossCountPeriod |
| Max Crossings for Trend | int | 4 | maxCrossings |
| Penetration Buffer (ATR) | float | 0.20 | penetrationBuffer |
| Close Confirmation Buffer (ATR) | float | 0.40 | closeBuffer |
| Retest Window (bars) | int | 12 | retestWindow |
| Retest Tolerance (ATR) | float | 0.40 | retestTolerance |
| Min Rejection Score (0-4) | int | 3 | minRejectionScore |
| Risk Grade A (%) | float | 1.0 | riskPerTradeA |
| Risk Grade B (%) | float | 0.5 | riskPerTradeB |
| Stop Buffer Beyond Safety (ATR) | float | 0.20 | stopBuffer |
| Break Even at (R) | float | 0.8 | breakEvenR |
| Partial Exit at (R) | float | 1.0 | partialExitR |
| Partial Exit % | float | 60.0 | partialExitPct |
| Trail Start at (R) | float | 1.2 | trailStartR |
| Trail Buffer (ATR) | float | 0.25 | trailBufferATR |
| Max Portfolio Heat (%) | float | 6.0 | maxPortfolioHeat |
| Max Daily Loss (%) | float | 3.0 | maxDailyLossPct |
| Max Consecutive Losses | int | 4 | maxConsecLosses |
| Max Bars in Trade | int | 40 | maxBarsInTrade |
| Time Stop Min R | float | 0.3 | timeStopMinR |
| Enable Drawdown Scaling | bool | true | enableDDScaling |
| DD Threshold 1 (%) | float | 5.0 | ddThreshold1 |
| Scale at DD1 | float | 0.75 | ddScale1 |
| DD Threshold 2 (%) | float | 10.0 | ddThreshold2 |
| Scale at DD2 | float | 0.50 | ddScale2 |
| DD Threshold 3 (%) | float | 15.0 | ddThreshold3 |
| Scale at DD3 | float | 0.25 | ddScale3 |
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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