Introducing the 'Enhanced COT CFTC Analysis Tool', meticulously designed to dissect the CFTC's Commitments of Traders (COT) data. This sophisticated tool aims to equip traders and investors with profound insights into market dynamics, utilizing the positions of Large Speculators, Commercials, and Non-Reportable Positions for a comprehensive market overview.
Key Features:
Large Speculators Analysis: Visualizes the net positions of large speculators, offering insights into speculative market sentiments. Commercials Insights: Provides a deep dive into the trading activities of commercials, known for their strategic hedging practices. Non-Reportable Positions Tracking: Displays the activities of smaller speculators, often considered as contrarian indicators. Additional Plots: Options Share: Allows selection between the proportion of options in the market. Net, Short, and Long Positions: Offers options to view net, short, and long positions. Percentage of Net Short and Long Positions: Displays the percentage of net short and long positions, either as raw data or as an index over a specified time period. Extreme Value Indicators: Highlights extreme values in the market data, providing critical insights into market peaks and troughs. This tool features an intuitive display with color-coded lines and charts, simplifying the complex data analysis process. It also includes an innovative 5% detector, highlighting extreme market positions for enhanced market understanding. Spread Analysis: This feature provides an insightful visualization of the spread between various COT data points, enabling users to gauge the market’s depth and liquidity effectively.
Usage Tips:
Utilize divergence analysis between different groups to identify potential trend reversals. Keep a close eye on the 5% detector for early indications of market overextensions. The 'Enhanced COT CFTC Analysis Tool' is a vital addition to your trading arsenal, designed to enrich your trading strategy with precise and actionable market insights. It’s not just an indicator; it’s a comprehensive market analysis suite.
Disclaimer: This indicator is for educational purposes only. Trading decisions should always be approached with caution and based on thorough personal analysis.
Release Notes
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"Changed the COT Data Import from Quandl to Tradingview Library due to Data Update Problems.
Added a correlation function to indicate when the price correlates with the COT data, including a background color display."
What settings would I choose to replicate the COT Index? For just the commercials
sammypi
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Here are all Symbols for this Indicator. I won´t work on others. ZB: U.S. Treasury Bond Futures DX: U.S. Dollar Index Futures ZN: 10-Year U.S. Treasury Note Futures ZS: Soybean Futures ZM: Soybean Meal Futures ZL: Soybean Oil Futures ZC: Corn Futures ZW: Wheat Futures KE: Kansas City Wheat Futures HE: Lean Hog Futures LE: Live Cattle Futures GC: Gold Futures SI: Silver Futures HG: Copper Futures CL: Crude Oil Futures HO: Heating Oil Futures RB: RBOB Gasoline Futures NG: Natural Gas Futures 6A: Australian Dollar Futures 6B: British Pound Futures 6C: Canadian Dollar Futures 6E: Euro FX Futures 6J: Japanese Yen Futures 6S: Swiss Franc Futures SB: Sugar #11 Futures KC: Coffee Futures CC: Cocoa Futures CT: Cotton #2 Futures ES: E-mini S&P 500 Futures RTY: E-mini Russell 2000 Index Futures YM: E-mini Dow Jones Industrial Average Futures NQ: E-mini NASDAQ-100 Futures PA: Palladium Futures PL: Platinum Futures AUP: Aluminum MW U.S. Transaction Premium Platts (25MT) Futures HRC: Hot-Rolled Coil Steel Futures EH: Ethanol Futures BB: Brent Crude Futures ZR: Rough Rice Futures ZO: Oat Futures DC: Dry Whey Futures OJ: Orange Juice Futures LBS: Random Length Lumber Futures GF: Feeder Cattle Futures SP: S&P 500 Futures DJIA: Dow Jones Industrial Average Futures 6N: New Zealand Dollar Futures 6L: Brazilian Real Futures VX: CBOE Volatility Index (VIX) Futures 6M: Mexican Peso Futures 6R: Russian Ruble Futures 6Z: South African Rand Futures ZT: 2-Year U.S. Treasury Note Futures ZF: 5-Year U.S. Treasury Note Futures BTC: Bitcoin Futures ETH: Ethereum Futures
seraphrndz
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Want to say great work! Sometimes, I am unsure on the different functionalities and if it's displaying what I am think I'm seeing. Maybe this will improve overtime, but you did a blowout job overall.
I brought your course on Udemy, the charts have now changed. Could you suggest what setting we need to do achieve the same
seraphrndz
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Do you have any more recommendations for books to read for COT outside of the COT Traders Bible and Trading with the Insiders by Larry Williams?
seraphrndz
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What is it rescaling when you rescale open interest ?
sammypi
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@seraphrndz, By rescaling Open Interest, one adjusts the OI line to fit the COT (Commitment of Traders) chart, preventing the compression of data such as Commercials and others, and preventing the OI from being too far detached. This offers a clearer overview. However, currently in BTC Futures, the OI appears flat although it has continued to rise
seraphrndz
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@sammypi, Perfect. I just wanted to make sure. Thank you