The TN Sovereign Footprint POC v6 strategy calculates a simulated Point of Control by identifying the highest volume node in a lookback period using the average of high, low, and close prices.
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 Sovereign Footprint POC v6 plots on the price chart as an overlay and signals buy or sell entries when the close crosses the simulated POC with volume ratio above threshold. Positions enter only on zero size with size set by risk percentage divided by ATR stop distance. It exits on stop loss or limit order at four times ATR. Settings control POC lookback, volume threshold, risk percent, ATR length, and stop loss multiplier. The strategy uses Pine Script v6 and draws signals directly on the price chart.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
POC Audit Lookback
int
20
lookback
POC Volume Threshold
float
1.5
volThreshold
Risk % Per Trade
float
1.0
riskPct
ATR Lookback
int
14
atrLen
Stop Loss (ATR Mult)
float
2.0
slMult
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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