_CM_COT Commercial Net Interest_V1

-This is the Beginning of a Educational Series from Jake Bernstein to the TradingView Community.
-Many Traders use the COT Data Incorrectly.
-Jake Discovered if You Look at the Net Commercials and Take Note When Commercials net Buying is Either At All Time Highs, Or Net Buying = Longest Period of Buying Look for an Extreme Move To the Upside.
-In The Future We Will Show Precise Entry Signals…But a Basic Entry Signal Is When Commercials Go From Net Long to Net Short.
-Full Credit in Methodology goes to Jake Bernstein at and

Thought Process:
-Commercials Represent Large (Typically Billion Dollar) Companies.
-Take Note - When Commercials Are Buying at Record High
-Take Note - When Commercials Are Buying For Record Long Periods of Time
***Note…Commercials Can Buy For Extended Periods Dollar Cost Averaging…
***Basic Entry Listed In Overview.
***More Precise Entries Will Be Introduced Soon.

Indicator Shows Net Commercials
-Full Credit goes to Greeny for Creating Original Code. I only made slight modifications.

Modifications include
-Took Off Net Long and Short Individual Plots
-Added Optional Background Highlighting when Commercials Switch from Long to Short
-Added Optional Alert Capability If Commercials Go From Net Long to Short
-Ability to Show INVERSE - This makes it Easier for some Traders to See…Since the Signals look similar to MacD / RSI Type Indicators.

***Additional Indicators and Updates Coming Soon

***Link To Upper Indicator:
Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
//Created by ChrisMoody on 3-30-2015
//Shows Net Commercials
//Full Credit goes to Greeny fo rcreating original code.  I only made slight modifications.
//Modifications include - Taking away Net Longs and Shorts, Adding Background Highlighting when Commercials go from Long to Short
//Methodology Is from Jake Bernstein at and

study("_CM_COT Commercial Net Interest_V1", shorttitle="_CM_COT Commercial Net Int_V1", precision=0)
force_root = input("", title="Override Product")
is_includeoptions = input(false, type=bool, title="Include Options")
si = input(false, type=bool, title="Show Inverse")
sbc = input(false, type=bool, title="Color Price Bars?")
sbg = input(true, type=bool, title="Show Background Highlight when Commercials Change From Buying to Selling?")
sa1 = input(true, type=bool, title="Alert If Commercials Change From Buying to Selling?")

fxroot =
	  ticker == "USDCAD" ? "CD" : 
	  ticker == "USDCAD" ? "CD" : 
	  ticker == "USDCHF" ? "SF" : 
	  ticker == "USDCZK" ? "CZ" : 
	  ticker == "USDHUF" ? "FR" : 
	  ticker == "USDILS" ? "IS" : 
	  ticker == "USDJPY" ? "JY" : 
	  ticker == "USDMXN" ? "MP" : 
	  ticker == "USDNOK" ? "UN" : 
	  ticker == "USDPLN" ? "PZ" : 
	  ticker == "USDRUB" ? "RU" : 
	  ticker == "USDSEK" ? "SE" : 
	  ticker == "USDZAR" ? "RA" : 
	  ticker == "EURUSD" ? "EC" : 
	  ticker == "AUDUSD" ? "AD" : 
	  ticker == "GBPUSD" ? "BP" : 
	  ticker == "NZDUSD" ? "NE" : 
	  ticker == "BRLUSD" ? "BR" : 
root = force_root == "" ? fxroot == "" ? syminfo.root : fxroot : force_root
code = root + (is_includeoptions ? "_FO_L_ALL" : "_F_L_ALL")

is_inversed = 
	  ticker == "USDCAD" ? true : 
	  ticker == "USDCAD" ? true : 
	  ticker == "USDCHF" ? true : 
	  ticker == "USDCZK" ? true : 
	  ticker == "USDHUF" ? true : 
	  ticker == "USDILS" ? true : 
	  ticker == "USDJPY" ? true : 
	  ticker == "USDMXN" ? true : 
	  ticker == "USDNOK" ? true : 
	  ticker == "USDPLN" ? true : 
	  ticker == "USDRUB" ? true : 
	  ticker == "USDSEK" ? true : 
	  ticker == "USDZAR" ? true : 

long_total = security("QUANDL:CFTC/"+code+"|4", "W", close)
short_total = security("QUANDL:CFTC/"+code+"|5", "W", close)
//Code for Commercials Net Totals
long = is_inversed ? short_total : long_total
short = is_inversed ? long_total : short_total
net = long - short
//Alert criteria
alert1 = net[1] > 0 and net < 0 ? 1 : 0
//Code for Histogram Color
col= net > 0 ? green : red

plot(si and long-short ? (long-short)*-1 : long-short, color = col, title="Net", style=columns)
hline(0, color=black, linestyle=dashed)
barcolor(sbc and (net[1] > 0 and net < 0) ? orange : na)
bgcolor(sbg and (net[1] > 0 and net < 0) ? lime : na, transp=20)

plot(sa1 and alert1 ? alert1 : 0, title="Alert If Commercials Go From Net Buy to Sell", style=line, linewidth=2, color=lime)


Euro Rallies Almost Every Time Commercials Go Net Short...Sometimes Short Term Rally...Some are Significant Rallies!!

More Thought Process To Come.

+3 Reply
Hi Chris Moody, I love your Indicators so much. They re just amazing. One thing I'm missing to the Cot Indicator are the Grains Futures like Soybean (ZS), -oil(ZL), -meal(ZM), Wheat(ZW), Corn(ZC), and to metals Palladium(PA) is not available. I would be very delighted if that would be possible to set up this futures. Best regards

Is there a reason the _CM_COT Commercial Net Int_Upper_V1 and _CM_COT Commercial Net Int_V1 not appearing/loading on the chart?

Both indicators worked just fine a few days ago, but now when I load them to my chart, my chart is just blank only showing the indicator titles.
Hi Chris.

Is it possible to add other commodity futures other than currencies into your Net COT script. It would be very helpful. Many thanks...
Based on your indicator we must wait to see a green area for start with our shorts? please help

Hi Chris, Is it possible to use stocks with it, to include let's say AAPL in the script lines? I apologize if its a silly request
ChrisMoody cristian.d
No. There is only COT data on futures. The script above just allows you to use Forex symbols based on currency futures. There is no way to know what the data is for single's not reported.
Algyros ChrisMoody
Once again, many thanks.
Is the above script only useful for currency futures, or would it also be applicable to equity futures (i.e., ES, NQ, etc.)?
Nice work, Chris, quickly, fxroot =
ticker == "USDCAD" ? "CD" :
ticker == "USDCAD" ? "CD" :

The USDCAD is listed twice, not that its going to change anything... Just for your attention.
What a great tool. I usually have to look at lesser version of the COT on Fridays. Thanks!
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