Simple COT Report

6 дней назад

COT Net Positions Indicator
Author: © Munkhtur

This indicator provides a comprehensive visualization of the Commitment of Traders (COT) report data, enabling traders to analyze market sentiment and positioning for key market participants.

Key Features:
Dashboard Display: Shows the net positions of Commercial, Noncommercial, and Nonreportable (Retail) traders.
Dynamic Position Tracking: Highlights significant changes in long and short positions for all trader categories based on customizable percentage thresholds.
COT Data Integration: Utilizes Legacy COT report data with clear segregation of long, short, and net positions.

Visual Signals:
Bullish and bearish trends are indicated with customizable colors for better chart visualization.
Displays "open" and "close" position changes directly on the price candles for easier tracking.
Flexible Configuration: Adjustable settings for dashboard location, text size, percentage thresholds, and color schemes.

How to Use:
Load the Script: Add the indicator to your Futures chart only by navigating to the TradingView indicators menu and selecting it from your saved scripts.

Customize Settings:
Dashboard: Enable or disable the dashboard, and set its position (Top Left, Top Right, etc.).
Data on Candle: Turn on/off the visualization of COT data changes on price candles and define the percentage change threshold to focus on significant moves.
Style Options: Customize bullish and bearish colors for better visual differentiation.
Select Trader Group: Choose from Commercial, Noncommercial, or Nonreportable positions in the settings menu to analyze the specific group of market participants.

Interpret Signals:
Green bars indicate opening long positions or bullish sentiment.
Red bars highlight opening short positions or bearish sentiment.
Yellow and purple bars signify the closure of long and short positions, respectively.

Use Cases:
Identify market sentiment shifts by observing net position changes among different trader groups.
Spot potential trend reversals based on COT data dynamics.
Use as a complementary tool to confirm your existing trading strategies.

Disclaimer:
This indicator is a tool for educational and informational purposes only. Always combine it with your own analysis and risk management strategy when trading.