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COT - Extreme Zones (Auto + FX/Metals/Crypto Dropdown)

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This indicator turns COT positioning into an easy-to-read oscillator that helps you track when market participants may be reaching positioning extremes.

It pulls Commercial Long/Short and Non-Commercial Long/Short from COT reports, computes their net positions, and builds a divergence series (Commercial Net – Non-Commercial Net). That divergence is then normalized into a 0–100 index using a rolling Min/Max window (52/156/260 weeks are common choices).

Why it’s useful

COT extremes can highlight when positioning becomes one-sided. This tool helps you spot those moments quickly via clear, color-coded extreme zones—ideal for timing watchlists, mean-reversion setups, or adding context to trend trades.

Modes

Auto (chart): maps the correct COT/CFTC code automatically from the current chart symbol

Dropdown selection: choose major FX currencies and (where available) Gold (XAU), Silver (XAG), and Bitcoin (BTC)

Extras

Adjustable extreme thresholds (default 80/20)

Optional raw divergence in the data window

Optional on-chart label showing the selected CFTC mapping

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