BTC COT Delta B — Indicator by neov3

trendanalysis cot cme btc bitcoin

Bitcoin CME COT Delta Strategy
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Reading 4 largest long positions and 4 largest short positions, this script uses (shorts - longs) to produce a long/short signal.

• When delta <= buy threshold, a "long" signal will appear on the chart.
• When shorts >= sell threshold, a "short" signal will appear on the chart.

To see the indicator below, since it's not possible to mix the two, use this script:

** This is not a trading advice, it's for research purposes only. Do not trade based upon these signals.

Release Notes:

• Updated preview image

Release Notes:

• Updated strategy report

Release Notes:

• Changed threshold to float, adjusted buy threshold from 5 to 5.1

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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