COT OI INDEX
#DESCRIPTION
The COT OI INDEX is an oscillator that shows extreme market situations. Data basis is the COT Report which is published weekly by the CFTC. The abbreviation OI stands for Open Interest and is the sum of all open futures contracts on Tuesday of the current week.
Further information can be found here.
www.cftc.gov/MarketR...sofTraders/index.htm
The oscillator fluctuates between 0 and 100.
Three time intervals can be calculated and displayed simultaneously.
Default is: 27, 54, 162 weeks
Signals:
Values > 90 GREEN
Values < 10 RED
Colors can be changed in the settings.
#CATEGORY
Oscillator
#MARKETS
The indicator is suitable for commodity markets.
#NOTE
The COT OI INDEX is not a timing indicator. The indicator only gives an indication of extreme market situations. The index provides the same result for both Cot Report formats (Legacy and Disaggregated). Please check the significance of the indicator in the backtest. Criticism and change requests are welcome.
#DESCRIPTION
The COT OI INDEX is an oscillator that shows extreme market situations. Data basis is the COT Report which is published weekly by the CFTC. The abbreviation OI stands for Open Interest and is the sum of all open futures contracts on Tuesday of the current week.
Further information can be found here.
www.cftc.gov/MarketR...sofTraders/index.htm
The oscillator fluctuates between 0 and 100.
Three time intervals can be calculated and displayed simultaneously.
Default is: 27, 54, 162 weeks
Signals:
Values > 90 GREEN
Values < 10 RED
Colors can be changed in the settings.
#CATEGORY
Oscillator
#MARKETS
The indicator is suitable for commodity markets.
#NOTE
The COT OI INDEX is not a timing indicator. The indicator only gives an indication of extreme market situations. The index provides the same result for both Cot Report formats (Legacy and Disaggregated). Please check the significance of the indicator in the backtest. Criticism and change requests are welcome.