COTBase iCOT (Scores)

COTBase iCOT indicator is based on reverse-engineering the Commitments of Traders data and creating a proprietary algo, which mimics real COT data on any time-frame and chart type.
We advise to use it mainly on time-based charts, on smaller than 4 hr per bar time-frames. A multi-time-frame analysis is recommended where the smaller time-frame signals are confirmed by the higher time-frames.

This indicator is the Scores part of the COTBase iCOT package. If you apply it to your chart, you will see the pseudo-Commercials (red line), pseudo-Speculators (green line) and the Balance line (white line). To use in practice you may not need to add this indicator to your chart after you added the Signals indicator, since that already shows the most important signals when these lines are at important extremes and confluences. The Signal indicator does NOT require to add the Scores indicator to the chart to work properly.


Features:

Versatile
You can use the COTBase iCOT indicator on any chart type (eg. candlesticks , bar charts, renko, range bars, etc.) and time-frames (eg. 1-min, 5-min , 1-hr, 4-hr, etc.).

Proprietary algo
We used AI and various other methods to create a truly unique indicator that - we believe - descibes market forces the most efficient way.
We have found that this is possibly the closest we could get to a realistic estimation of the fundamental forces driving the market.

Data does not come from CFTC
The COTBase iCOT indicator does not source any of its data from the Commodity Futures Trading Commission.

Accurate signal logic
We mark "pseudo-Commercial" buy/sell setups with a yellow diamond below/above the price. We mark "pseudo-Speculator" buy/sell signals with blue bars.
The statistically best "3-fold confluence" setups are marked with green/red stripes (and/or other markers).

Key features:
Allow plotting pseudo-Commercials and Change, pseudo-Speculators and Change, Balance Line and Change.
Allow highlighting any of the above series if they cross above/below a user defined threshold
Allow configuring the strength and markings of "All Signal" confluences
Allow setting the logic for Change calculations and markings
Sound alerts

Compatibility:
Instruments: futures , cryptocurrencies, forex, stocks, CFDs, indices, options
Interval types: time and non-time-based, standard or custom
Chart styles: any

You can obtain this indicator by visiting the link below.