xbj

Noncommercial long futures position to overall Open Interest

This is an indicator that gets data from Quandl and presents weekly CFTC futures data (https://www.cftc.gov/MarketReports/Commi...). In this indicator, the noncommercial long/short positions are calculated as a percentage of overall Open Interest. This indicates the bullish / bearish sentiment of the market.
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.

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