PROTECTED SOURCE SCRIPT
Updated COT Index and OI Index
COT Index and OI Index
It calculates COT Index for Commercials and Open Interest Index. Both for a custom period depending of the asset nature. These periods can be adjusted. You can also choose to have signals drawn on the chart when the following conditions are met
If "Extreme Positions" option is chosen:
* COT Index for Commercials > Extreme Long (adjustable parameter in %) and COT Index for Large Speculators and Small Speculators < Extreme Short (adjustable parameter in %). This will show a green triangle up in the last weekly bar/candle
* COT Index for Commercials < Extreme Short (adjustable parameter in %) and COT Index for Large Speculators and Small Speculators > Extreme Long (adjustable parameter in %). This will show a red triangle down in the last weekly bar/candle
If "Extreme Commercials and OI Index" option is chosen:
* COT Index for Commercials > Extreme Long (adjustable parameter in %) and OI Index < Extreme Short (adjustable parameter in %). This will show a green triangle up in the last weekly bar/candle
* COT Index for Commercials < Extreme Short (adjustable parameter in %) and OI Index > Extreme Long (adjustable parameter in %). This will show a red triangle down in the last weekly bar/candle
It calculates COT Index for Commercials and Open Interest Index. Both for a custom period depending of the asset nature. These periods can be adjusted. You can also choose to have signals drawn on the chart when the following conditions are met
If "Extreme Positions" option is chosen:
* COT Index for Commercials > Extreme Long (adjustable parameter in %) and COT Index for Large Speculators and Small Speculators < Extreme Short (adjustable parameter in %). This will show a green triangle up in the last weekly bar/candle
* COT Index for Commercials < Extreme Short (adjustable parameter in %) and COT Index for Large Speculators and Small Speculators > Extreme Long (adjustable parameter in %). This will show a red triangle down in the last weekly bar/candle
If "Extreme Commercials and OI Index" option is chosen:
* COT Index for Commercials > Extreme Long (adjustable parameter in %) and OI Index < Extreme Short (adjustable parameter in %). This will show a green triangle up in the last weekly bar/candle
* COT Index for Commercials < Extreme Short (adjustable parameter in %) and OI Index > Extreme Long (adjustable parameter in %). This will show a red triangle down in the last weekly bar/candle
Release Notes
Minor correctionsRelease Notes
Minor changesRelease Notes
minor changesRelease Notes
delayed COT data issue fixedRelease Notes
Weekly offset parameter issue fixedProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.