COT-Extreme Zones

This indicator visualizes Commitment of Traders (COT) data for Commercials, Non-Commercials, and Retail Traders using net positions.

It highlights extreme positioning zones with colored background boxes:
🔴 Red for extremely short positions and
🟢 Green for extremely long positions,
based on configurable thresholds.

Ideal for swing traders and sentiment-based strategies.

Includes:
– Stepline plots for clean separation
– Fixed opacity zones for clear visual alerts
– Minimalistic labels (one per line)
– Weekly resolution (auto-synced to symbol)

🎯 Use this to identify sentiment extremes that may lead to turning points.