NocTrading

COT-NocTrading

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Indicator Description:

Commitments of Traders (COT) Data Indicator

The Commitments of Traders (COT) Data Indicator on TradingView provides insights into market sentiment based on the weekly CFTC (Commodity Futures Trading Commission) reports. It plots three key lines derived from this data, offering valuable information for traders seeking to understand positioning trends among large speculators, commercial hedgers, and small traders.

Lines Plotted:

Commercials: Reflects positions held by commercial entities engaged in the production or sale of the underlying commodity. Their positions often act as a hedge against physical market exposure.

Non Commercials: Represents positions held by large speculators, typically hedge funds and large financial institutions, who often take more significant positions based on their market outlook.

Retail Traders: Shows positions held by small traders, including individual retail traders and smaller institutional players, providing insights into the broader retail sentiment.

Labeling:

Each line is accompanied by a label to clearly identify its corresponding group, enhancing clarity and ease of interpretation for traders analyzing the indicator.

Usage:

Trend Confirmation: Monitor the positioning of commercial and non commercial relative to retail traders to confirm trends and potential reversals.

Sentiment Analysis: Assess shifts in market sentiment based on changes in positioning across different trader categories.

Trading Signals: Use crossovers, divergences, and extreme positioning relative to historical data to generate potential trading signals.

This indicator is valuable for traders looking to incorporate institutional positioning data into their trading strategies, offering a deeper understanding of market dynamics beyond price action alone.

Release Notes:
Indicator Description:

Commitments of Traders (COT) Data Indicator

The Commitments of Traders (COT) Data Indicator on TradingView provides insights into market sentiment based on the weekly CFTC (Commodity Futures Trading Commission) reports. It plots three key lines derived from this data, offering valuable information for traders seeking to understand positioning trends among large speculators, commercial hedgers, and small traders.

Lines Plotted:

Commercials: Reflects positions held by commercial entities engaged in the production or sale of the underlying commodity. Their positions often act as a hedge against physical market exposure.

Non Commercials: Represents positions held by large speculators, typically hedge funds and large financial institutions, who often take more significant positions based on their market outlook.

Retail Traders: Shows positions held by small traders, including individual retail traders and smaller institutional players, providing insights into the broader retail sentiment.

Labeling:

Each line is accompanied by a label to clearly identify its corresponding group, enhancing clarity and ease of interpretation for traders analyzing the indicator.

Usage:

Trend Confirmation: Monitor the positioning of commercial and non commercial relative to retail traders to confirm trends and potential reversals.

Sentiment Analysis: Assess shifts in market sentiment based on changes in positioning across different trader categories.

Trading Signals: Use crossovers, divergences, and extreme positioning relative to historical data to generate potential trading signals.

This indicator is valuable for traders looking to incorporate institutional positioning data into their trading strategies, offering a deeper understanding of market dynamics beyond price action alone.

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.

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.

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