OPEN-SOURCE SCRIPT

ICT Commitment of Traders° by 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:
快照
版本注释
Update: added option to hide multi-market data (once enabled through code modifications)
版本注释
Corrected instructions
版本注释
Update: added error handling by limiting the display of COT Data to the Daily Timeframe or higher – Lines 12 to 15
版本注释
Bug Fix: hiding COT Data did not hide boxes, fixed
版本注释
Bug fix: COT market cell for the Info table was reporting wrong ticker, fixed.
版本注释
Added Auto-Timeframe Feature
commitmentCommitment of Traders (COT)COTcotreportictinnercircletraderoftraders

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?


homo faber fortunæ suæ
更多:

免责声明