OPEN-SOURCE SCRIPT
The Commitment of Traders (COT) Index
The COT Index indicator is used to measure the positioning of different market participants (Large Traders, Small Traders, and Commercial Hedgers) relative to their historical positioning over a specified lookback period. It helps traders identify extreme positioning, which can signal potential reversals or trend continuations.
Key Features of the Indicator:
COT Data Retrieval
The script pulls COT report data from the TradingView COT Library TradingView/LibraryCOT/3).
It retrieves long and short positions for three key groups:
Large Traders (Non-commercial positions) – Speculators such as hedge funds.
Small Traders (Non-reportable positions) – Small retail traders.
Commercial Hedgers (Commercial positions) – Institutions that hedge real-world positions.
Threshold Zones for Extreme Positioning:
Upper Zone Threshold (Default: 90%)
Signals potential overbought conditions (excessive buying).
Lower Zone Threshold (Default: 10%)
Signals potential oversold conditions (excessive selling).
The indicator plots these zones using horizontal lines.
The COT Index should be used in conjunction with technical analysis (support/resistance, trends, etc.). A high COT Index does not mean the market will reverse immediately—it’s an indication of extreme sentiment.
Note:
If the script does not recognize or can't find the ticker currently viewed in the COT report, the COT indicator will default to U.S. Dollar.
Key Features of the Indicator:
COT Data Retrieval
The script pulls COT report data from the TradingView COT Library TradingView/LibraryCOT/3).
It retrieves long and short positions for three key groups:
Large Traders (Non-commercial positions) – Speculators such as hedge funds.
Small Traders (Non-reportable positions) – Small retail traders.
Commercial Hedgers (Commercial positions) – Institutions that hedge real-world positions.
Threshold Zones for Extreme Positioning:
Upper Zone Threshold (Default: 90%)
Signals potential overbought conditions (excessive buying).
Lower Zone Threshold (Default: 10%)
Signals potential oversold conditions (excessive selling).
The indicator plots these zones using horizontal lines.
The COT Index should be used in conjunction with technical analysis (support/resistance, trends, etc.). A high COT Index does not mean the market will reverse immediately—it’s an indication of extreme sentiment.
Note:
If the script does not recognize or can't find the ticker currently viewed in the COT report, the COT indicator will default to U.S. Dollar.
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.