COT Matrix by Bullruntrading

לפני 3 ימים

COT Index – Commercials vs Specs (with Extremes Zones)

This indicator visualizes the COT Index (Commitment of Traders Index) for three participant groups:

Commercials (Producers / Hedgers)

Large Speculators (Non-Commercials)

Small Speculators (Non-Reportables)

The COT Index is calculated as a percentile value from 0% to 100% over a rolling lookback window (Number of weeks).
It shows where the current net position sits relative to its historical range:

100% = net position is at the top of the lookback range (extreme)

0% = net position is at the bottom of the lookback range (extreme)

How it works

Net positions are calculated from the COT data:

Net = Long positions − Short positions

The indicator converts the net positions into an index:

It finds the lowest and highest net position over the selected lookback period.

It scales the current net position into 0–100%.

Two horizontal thresholds define “extreme zones”:

Upper Threshold (default 80%)

Lower Threshold (default 20%)

Background zones (Extremes)

If enabled, the script highlights:

Above the Upper Threshold → green background

Below the Lower Threshold → red background

You can fully customize the zone colors and transparency.

Labels (Right side)

The indicator can show clean right-side labels for:

Commercials

Large Specs

Small Specs

These labels are positioned slightly to the right (configurable via Label offset) and do not cover the lines.

✅ Important: Labels remain visible even if “Hide the current week” is enabled.

Settings you can customize

Lookback period (Number of weeks)

Upper / lower thresholds

Which groups to display (Commercials / Large / Small)

Line colors

Threshold line colors

Zone colors + zone transparency

Label texts + label offset

Typical interpretation (general guidance)

Values near 80–100% can indicate a high/extreme positioning relative to the lookback range.

Values near 0–20% can indicate a low/extreme positioning.

This does not automatically mean “buy” or “sell” — it simply highlights positioning extremes that many traders use as context alongside price structure, macro, and sentiment.

לפני 3 ימים

הערות שחרור

COT Index – Commercials vs Specs (with Extremes Zones)

This indicator visualizes the COT Index (Commitment of Traders Index) for three participant groups:

Commercials (Producers / Hedgers)

Large Speculators (Non-Commercials)

Small Speculators (Non-Reportables)

The COT Index is calculated as a percentile value from 0% to 100% over a rolling lookback window (Number of weeks).
It shows where the current net position sits relative to its historical range:

100% = net position is at the top of the lookback range (extreme)

0% = net position is at the bottom of the lookback range (extreme)

How it works

Net positions are calculated from the COT data:

Net = Long positions − Short positions

The indicator converts the net positions into an index:

It finds the lowest and highest net position over the selected lookback period.

It scales the current net position into 0–100%.

Two horizontal thresholds define “extreme zones”:

Upper Threshold (default 80%)

Lower Threshold (default 20%)

Background zones (Extremes)

If enabled, the script highlights:

Above the Upper Threshold → green background

Below the Lower Threshold → red background

You can fully customize the zone colors and transparency.

Labels (Right side)

The indicator can show clean right-side labels for:

Commercials

Large Specs

Small Specs

These labels are positioned slightly to the right (configurable via Label offset) and do not cover the lines.

✅ Important: Labels remain visible even if “Hide the current week” is enabled.

Settings you can customize

Lookback period (Number of weeks)

Upper / lower thresholds

Which groups to display (Commercials / Large / Small)

Line colors

Threshold line colors

Zone colors + zone transparency

Label texts + label offset

Typical interpretation (general guidance)

Values near 80–100% can indicate a high/extreme positioning relative to the lookback range.

Values near 0–20% can indicate a low/extreme positioning.

This does not automatically mean “buy” or “sell” — it simply highlights positioning extremes that many traders use as context alongside price structure, macro, and sentiment.