This strategy enters long when a faster moving average crosses above a slower one and short when it crosses below, unless long-only mode is on. An optional volume filter requires volume above a 20-bar average times a multiplier. Exits use a percentage stop los
Strategy · Pine Script v6 · On the chart
TN Footprint Entropy Sovereign v6
This overlay strategy utilizes Pine Script v6 footprint objects to compute Shannon Entropy, measuring market orderliness and volume concentration.
GitHub stars1on the repository
Pine versionv6current
Lines of code79
Settings2inputs
LicenceNone stated
Last update2 months ago15 Aug 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
TN Footprint Entropy Sovereign v6 identifies institutional activity by detecting low-entropy regimes combined with Cumulative Volume Delta changes and price position relative to the Point of Control line. Long signals trigger during ordered accumulation above the Point of Control, while short signals trigger during ordered distribution below it. Trades are managed with Average True Range stop-loss and take-profit targets, accompanied by an on-screen visual matrix HUD.
- Shannon Entropy calculation using Native Footprint objects
- Cumulative Volume Delta and Point of Control integration
- ATR-based dynamic stop loss and take profit limits
- Real-time table HUD displaying entropy and delta metrics
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volume, Trend
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| 能量感知規訓等級 | enum | EntropyRegime.Standard | regime |
| 熵矩陣回顧長度 | int | 20 | entropyLen |
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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