toodegrees

ICT Commitment of Traders° by toodegrees

toodegrees 已更新   
Description:
The Commitment of Traders (COT) is a valuable raw data report released weekly by the Commodity Futures Trading Commission (CFTC). This report offers insights into the current long and short positions of three key market entities:
  • Commercial Traders (usually represented in red)
  • Large Traders (typically depicted in green)
  • Small Speculator Traders (commonly shown in blue)

The concept of utilizing the COT data as a strategic trading tool was first introduced by Larry Williams, who emphasized the importance of monitoring Commercial Speculators – large corporate producers or consumers of commodities.

The Inner Circle Trader (ICT) prompts us to delve deeper into this data. While we can easily determine their Net Position (also referred to as the Main Program) by subtracting Commercial Short Positions from the Commercial Long Positions, this calculation doesn't reveal their ongoing Hedge Program.

Merely following the Main Program won't provide a trading edge. Aligning with the Hedge Program can be an invaluable weapon in your trading arsenal.

The Commercial Speculators' Hedge Program can be unveiled by examining the highest and lowest reading of their Net Position over a chosen time period and setting a new "zero line" between these extremes. This process generates a novel "COT Graph" providing a detailed understanding of the Commercial Speculators' current market activity.

When the Hedge Program, Seasonality, and Open Interest are cross-referenced with Institutional Orderflow, a trader can construct a very clear medium-to-long-term market narrative.

Features:
  • Access COT Data for the Commercial Speculators via Tradingview's reliable data source
  • Automate calculations and display the 3-month, 6-month, 12-month, 2-year, and 3-year Hedge Program
  • Define your own Custom Time Range for the Hedge Program
  • Display the Main Program and all Hedge Programs in an easy-to-understand table format

Additionally, by following the included instructions, you can augment your table with COT data from multiple markets. This extra information can help monitor correlated markets and develop a more robust market narrative:
發布通知:
Update: added option to hide multi-market data (once enabled through code modifications)
發布通知:
Corrected instructions
發布通知:
Update: added error handling by limiting the display of COT Data to the Daily Timeframe or higher – Lines 12 to 15
發布通知:
Bug Fix: hiding COT Data did not hide boxes, fixed
發布通知:
Bug fix: COT market cell for the Info table was reporting wrong ticker, fixed.

homo faber fortunæ suæ
開源腳本

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。

想在圖表上使用此腳本?