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已更新

CoT MK OI-Short Percentile Oscillator

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CoT MK OI-Short Percentile Oscillator is a weekly indicator that tracks overall market participation and commercial hedger pessimism by plotting total Open Interest and the ratio of Commercials’ short positions to Open Interest. It fetches both data series on a 1-week resolution, then calculates the user-defined upper and lower percentiles (default 80%/20%) over a configurable lookback period (default 208 weeks) entirely within the weekly timeframe. The main plots show rounded Open Interest in blue and Commercials Short/OI% in red, while the red upper bands flag overbought or over-hedged extremes and the green lower bands highlight underbought or under-hedged conditions. Traders use these percentile bands to identify when crowd participation or hedger pessimism reaches extremes that often presage market turns.
版本注释
The weekly values are now shifted one week to the left, so each value is displayed on the correct week.
版本注释
The script now uses daily CoT data for Open Interest and Commercials Short, so the most recent values are displayed as soon as they are published by TradingView. Quantile lines remain based on weekly data.

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