COT3 - Flip Strength Index - Invincible3

This indicator uses the TradingView COT library to visualize institutional positioning and potential sentiment or trend shifts. It compares the long% vs short% of commercial and non-commercial traders for both Pair A and Pair B, helping traders identify trend strength, market overextension, and early reversal signals.

🔷 COT RSI
The COT RSI normalizes the net positioning difference between non-commercial and commercial traders over (N=13, 26, and 52)-week periods. It ranges from 0 to 100, highlighting when sentiment is at bullish or bearish extremes.

COT RSI (N)= ((NC - C)−min)/(max-min) x100

🟡 COT Index
The COT Index tracks where the current non-commercial net position lies within its 1-year and 3-year historical range. It reflects institutional accumulation or distribution phases.
Strength represents the magnitude of that positioning bias, visualized through normalized RSI-style metrics.

COT Index (N)= (NC net)/(max-min) x100

🔁 Flip Detection
Flip refers to the crossovers between long% and short%, indicating a change in directional bias among trader groups. When long positions exceed shorts (or vice versa), it signals a possible market flip in sentiment or trend.
For example, Pair B commercial flip is calculated as:
Long% = (Long/Open Interest)×100
Short% = (Short/Open Interest)×100
Flip = Long%−Short%

A bullish flip occurs when long% overtakes short%, and vice versa for a bearish flip. These flips often precede price trend changes or confirm sentiment breakouts.

Flip captures how far current positioning deviates from historical norms — highlighting periods of institutional overconfidence or exhaustion, often leading to significant market turns.

This combination offers a multi-layered edge for identifying when smart money is flipping direction, and whether that flip has strong conviction or is likely to fade.
..........................................................................................................................................................