Commitment of Traders: Total█ OVERVIEW
This indicator displays the Commitment of Traders (COT) totals data for futures markets.
█ CONCEPTS
Commitment of Traders (COT) data is tallied by the Commodity Futures Trading Commission (CFTC) , a US federal agency that oversees the trading of derivative markets such as futures in the US. It is weekly data that provides traders with information about open interest for an asset. The CFTC oversees derivative markets traded on different exchanges, so COT data is available for assets that can be traded on CBOT, CME, NYMEX, COMEX, and ICEUS.
A detailed description of the COT report can be found on the CFTC's website .
COT data is separated into three notable reports: Legacy, Disaggregated, and Financial. This indicator presents specific data from the COT Legacy report. The Total data details the positions held by various traders: Commercial Hedgers (traders registered with CFTC that use futures contracts in that particular commodity for hedging), Large Traders (traders registered with CFTC that do not hedge that particular commodity) and Small Traders (not registered with CFTC).
Our other COT indicators are:
• Commitment of Traders: Legacy Metrics
• Commitment of Traders: Disaggregated Metrics
• Commitment of Traders: Financial Metrics
█ HOW TO USE IT
Load the indicator on an active chart (see here if you don't know how).
By default, the indicator uses the chart's symbol to derive the COT data it displays. You can also specify a CFTC code in the "CFTC code" field of the script's inputs to display COT data from a symbol different than the chart's.
The rest of this section documents the script's input fields.
COT Selection Mode
This field's value determines how the script determines which COT data to return from the chart's symbol:
- "Root" uses the root of a futures symbol ("ES" for "ESH2020").
- "Base currency" uses the base currency in a forex pair ("EUR" for "EURUSD").
- "Currency" uses the quote currency, i.e., the currency the symbol is traded in ("JPY" for "TSE:9984" or "USDJPY").
- "Auto" tries all modes, in turn.
If no COT data can be found, a runtime error is generated.
Note that if the "CTFC Code" input field contains a code, it will override this input.
Futures/Options
Specifies the type of Commitment of Traders data to display: data concerning only Futures, only Options, or both.
Display
Determines the direction of the metrics requested from the CTFC report.
CTFC Code
Instead of letting the script generate the CFTC COT code from the chart and the "COT Selection Mode" input when this field is empty, you can specify an unrelated CFTC COT code here, e.g., 001602 for wheat futures.
Look first. Then leap.
Search in scripts for "open interest"
Futures OI and Net positionsThis is an indicator that gets data from Quandl and presents weekly CFTC futures data (www.cftc.gov). In this indicator, Open Interest (OI) and net noncommercial positions are presented. Net_noncommercial positions are calculated as noncommercial_long - noncommercial_short.
BTC Net Volume Delta (Spot)One of my favorite indicators for trend analysis. We sum the volume from all significant BTC Spot exchanges and subtract the sell volume from the buy volume for a cumulative total. A futures version is also available but spot volume is more consistent for analysis. To follow trends you can buy when sell momentum is decreasing, and sell when buy momentum is decreasing.
Do you have any ideas for monitoring sentiment or open interest across multiple exchanges? Message me and I will try to make it happen.
COT Data by cendalcLegacy and disaggregated COT data for several commodities I trade:
ZC, ZW, ZS, ZL, ZM, HG, GC, SI, CC, KC, CT, OJ, SB, CL, HO, NG
Available indexes:
Open Interest
Commercials Net
Large Traders Net
Producers Net
Managed Money Net
Commercials Long
Large Traders Long
Producers Long
Managed Money Long
Commercials Short
Large Traders Short
Producers Short
Managed Money Short
Data is taken from Quandl: www.quandl.com
COT (Legacy): Largest 8 NetPercents of Open Interest held by the largest eight reportable traders from legacy commitment of traders (COT) report. Computed on a net long and net short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Largest 4 NetPercents of Open Interest held by the largest four reportable traders from legacy commitment of traders (COT) report. Computed on a net long and net short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Largest 8 GrossPercents of Open Interest held by the largest eight reportable traders from legacy commitment of traders (COT) report. Computed on a gross long and gross short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Largest 4 GrossPercents of Open Interest held by the largest four reportable traders from legacy commitment of traders (COT) report. Computed on a gross long and gross short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
