Luis-Enrico COT net positions

COT Net Positions by Luis-Enrico provides a structured view of how different trader groups are positioned in the futures markets based on the weekly Commitments of Traders (COT) reports published by the CFTC. The indicator calculates the net position of each group by subtracting Short from Long contracts and plots these values as continuous lines, making shifts in positioning easy to track over time.​

It focuses on the three primary COT categories: Commercials, Non-Commercials, and Non-Reportables, allowing traders to distinguish between hedging activity, speculative flows, and smaller market participants. By observing how these groups adjust their exposure, users can better evaluate market sentiment, potential trend reversals, and changes in underlying market pressure.​

Because COT data is only updated once per week, this indicator is designed specifically for use on the 1W timeframe to ensure a clean and consistent visualization. Applying it on lower timeframes can distort the display and spacing of data points and is therefore not recommended for proper interpretation.