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COT Index Indicator
The COT Index Indicator is a powerful tool designed to visualize the Commitment of Traders (COT) data and offer insights into market sentiment. The COT Index is a measurement of the relative positioning of commercial traders versus non-commercial and retail traders in the futures market. It is widely used to identify potential market reversals by observing the extremes in trader positioning.

Customizable Timeframe: The indicator allows you to choose a custom time interval (in months) to visualize the COT data, making it flexible to fit different trading styles and strategies.

How to Use:

Visualize Market Sentiment: A COT Index near extremes (close to 0 or 100) can indicate potential turning points in the market, as it reflects extreme positioning of different market participant groups.

Adjust the Time Interval: The ability to adjust the time interval (in months) gives traders the flexibility to analyze the market over different periods, which can be useful in detecting longer-term trends or short-term shifts in sentiment.

Combine with Other Indicators: To enhance your analysis, combine the COT Index with your technical analysis.

This tool can serve as an invaluable addition to your trading strategy, providing a deeper understanding of the market dynamics and the positioning of major market participants.

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