_CM_COT Commercial Net Interest_V1Overview.
-This is the Beginning of a Educational Series from Jake Bernstein to the TradingView Community.
-Many Traders use the COT Data Incorrectly.
-Jake Discovered if You Look at the Net Commercials and Take Note When Commercials net Buying is Either At All Time Highs, Or Net Buying = Longest Period of Buying Look for an Extreme Move To the Upside.
-In The Future We Will Show Precise Entry Signals…But a Basic Entry Signal Is When Commercials Go From Net Long to Net Short.
-Full Credit in Methodology goes to Jake Bernstein at www.Trade-Futures.com and www.2Chimps.net
Thought Process:
-Commercials Represent Large (Typically Billion Dollar) Companies.
-Take Note - When Commercials Are Buying at Record High
-Take Note - When Commercials Are Buying For Record Long Periods of Time
***Note…Commercials Can Buy For Extended Periods Dollar Cost Averaging…
***Basic Entry Listed In Overview.
***More Precise Entries Will Be Introduced Soon.
Indicator Shows Net Commercials
-Full Credit goes to Greeny for Creating Original Code. I only made slight modifications.
Modifications include
-Took Off Net Long and Short Individual Plots
-Added Optional Background Highlighting when Commercials Switch from Long to Short
-Added Optional Alert Capability If Commercials Go From Net Long to Short
-Ability to Show INVERSE - This makes it Easier for some Traders to See…Since the Signals look similar to MacD/RSI Type Indicators.
***Additional Indicators and Updates Coming Soon
***Link To Upper Indicator:
Sentiment Studies
COT (Legacy): Largest 8 NetPercents of Open Interest held by the largest eight reportable traders from legacy commitment of traders (COT) report. Computed on a net long and net short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Largest 4 NetPercents of Open Interest held by the largest four reportable traders from legacy commitment of traders (COT) report. Computed on a net long and net short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Largest 8 GrossPercents of Open Interest held by the largest eight reportable traders from legacy commitment of traders (COT) report. Computed on a gross long and gross short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Largest 4 GrossPercents of Open Interest held by the largest four reportable traders from legacy commitment of traders (COT) report. Computed on a gross long and gross short basis. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Non-Reportable Interest PercentPercent in Open Interest for non reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Non-Reportable Interest ChangeChange in Open Interest for non reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Non-Reportable InterestOpen Interest for non reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Reportable TradersNumer of all reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Reportable Interest PercentPercent of Open Interest for all reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Reportable Interest ChangeChange in Open Interest for all reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Reportable InterestOpen Interest for all reportable traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Noncommercial TradersNumber of non commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Noncommercial Interest PercentPercent of Open Interest for non commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Noncommercial Interest ChangeChange in Open Interest for non commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Noncommercial InterestOpen Interest for non commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Commercial TradersNumber of commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Commercial TradersNumber of commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Commercial Interest PercentPercent of Open Interest for commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Commercial Interest ChangeChange in Open Interest for commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Commercial InterestOpen Interest for commercial traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Total TradersNumber of traders from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
COT (Legacy): Open Interest ChangeChange in Open Interest from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
