PROTECTED SOURCE SCRIPT
COT REPORTING | COMMERCIALS [DIGGERDOG]
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COT REPORTING | COMMERCIALS [DIGGERDOG]
This Pine Script for TradingView, titled **"COT REPORTING | COMMERCIALS [DIGGERDOG]"**, pulls Commitment of Traders (COT) data for commercial and non-commercial positions from the Legacy COT report and displays it in a dashboard format with various analytical insights. The script allows for tracking of long, short, and net positions, along with open interest and trend indices for commercial traders.
Key Features:
1. **COT Data Retrieval:**
- The script fetches long and short positions for **commercial**, **non-commercial**, and **non-reportable** participants in the market. These positions are based on data from the **Legacy COT Report**.
- The **open interest** (OI) is also retrieved from the COT report to calculate position percentages.
2. **Net Position Calculation:**
- The net positions are calculated as the difference between long and short positions for commercials, non-commercials, and non-reportables.
3. **Percentage and Net Calculations:**
- The script calculates the percentage of long and short commercial positions relative to the total open interest.
- It also displays whether the long positions exceed short positions or vice versa, highlighting possible trends in market positioning.
4. **Term Spread Calculation:**
- The script calculates the **term spread**, which is the difference between the prices of the current and next futures contract.
5. **Trend Index:**
- The script includes several trend indices to measure the positioning of commercial traders relative to historical data, such as the lowest and highest net positions over a given timeframe.
6. **Dashboard Display:**
- A custom dashboard is rendered on the chart in a user-defined position (e.g., **Top Right**, **Bottom Left**) and size (e.g., **Tiny**, **Normal**, **Large**).
- The dashboard displays the key metrics such as long and short positions, net positions, percentage of long/short in open interest, term spread, and trend indices for commercial traders.
7. **Color-Coding for Easy Interpretation:**
- Different colors are used to indicate bullish, bearish, and neutral signals:
- **Green** for bullish or increasing values.
- **Red** for bearish or decreasing values.
- **Black** for neutral or unchanged values.
8. **Customization:**
- The user can choose whether to display short positions as negative numbers.
- Various visual elements of the table (header, text colors, and transparency levels) are customizable for easier readability.
Usage:
This indicator is ideal for traders who want to analyze **Commitment of Traders (COT) reports** to track the positioning of major market participants such as commercial and non-commercial traders. It helps to understand market sentiment and potential trend reversals based on shifts in the net positions of commercial traders.
### Key Metrics in the Dashboard:
- **Long and Short Commercial Positions**: Displayed with percentages relative to the total open interest.
- **Net Commercial Positions**: Calculated as the difference between long and short positions.
- **Trend Indices**: Show the position of commercial traders over various timeframes (e.g., 13-week, 26-week).
- **Term Spread**: Displays the difference between the current and next futures contract prices, indicating market expectations.
### Example Use Case:
- Use the net commercial position and trend indices to anticipate market moves, as commercial traders are often considered "smart money."
- Monitor the percentage of long and short commercial positions to assess potential overbought or oversold market conditions.
This script is highly customizable and gives traders detailed insight into market behavior based on the COT report, allowing for better-informed trading decisions. If you need further modifications or explanations, feel free to ask!
This Pine Script for TradingView, titled **"COT REPORTING | COMMERCIALS [DIGGERDOG]"**, pulls Commitment of Traders (COT) data for commercial and non-commercial positions from the Legacy COT report and displays it in a dashboard format with various analytical insights. The script allows for tracking of long, short, and net positions, along with open interest and trend indices for commercial traders.
Key Features:
1. **COT Data Retrieval:**
- The script fetches long and short positions for **commercial**, **non-commercial**, and **non-reportable** participants in the market. These positions are based on data from the **Legacy COT Report**.
- The **open interest** (OI) is also retrieved from the COT report to calculate position percentages.
2. **Net Position Calculation:**
- The net positions are calculated as the difference between long and short positions for commercials, non-commercials, and non-reportables.
3. **Percentage and Net Calculations:**
- The script calculates the percentage of long and short commercial positions relative to the total open interest.
- It also displays whether the long positions exceed short positions or vice versa, highlighting possible trends in market positioning.
4. **Term Spread Calculation:**
- The script calculates the **term spread**, which is the difference between the prices of the current and next futures contract.
5. **Trend Index:**
- The script includes several trend indices to measure the positioning of commercial traders relative to historical data, such as the lowest and highest net positions over a given timeframe.
6. **Dashboard Display:**
- A custom dashboard is rendered on the chart in a user-defined position (e.g., **Top Right**, **Bottom Left**) and size (e.g., **Tiny**, **Normal**, **Large**).
- The dashboard displays the key metrics such as long and short positions, net positions, percentage of long/short in open interest, term spread, and trend indices for commercial traders.
7. **Color-Coding for Easy Interpretation:**
- Different colors are used to indicate bullish, bearish, and neutral signals:
- **Green** for bullish or increasing values.
- **Red** for bearish or decreasing values.
- **Black** for neutral or unchanged values.
8. **Customization:**
- The user can choose whether to display short positions as negative numbers.
- Various visual elements of the table (header, text colors, and transparency levels) are customizable for easier readability.
Usage:
This indicator is ideal for traders who want to analyze **Commitment of Traders (COT) reports** to track the positioning of major market participants such as commercial and non-commercial traders. It helps to understand market sentiment and potential trend reversals based on shifts in the net positions of commercial traders.
### Key Metrics in the Dashboard:
- **Long and Short Commercial Positions**: Displayed with percentages relative to the total open interest.
- **Net Commercial Positions**: Calculated as the difference between long and short positions.
- **Trend Indices**: Show the position of commercial traders over various timeframes (e.g., 13-week, 26-week).
- **Term Spread**: Displays the difference between the current and next futures contract prices, indicating market expectations.
### Example Use Case:
- Use the net commercial position and trend indices to anticipate market moves, as commercial traders are often considered "smart money."
- Monitor the percentage of long and short commercial positions to assess potential overbought or oversold market conditions.
This script is highly customizable and gives traders detailed insight into market behavior based on the COT report, allowing for better-informed trading decisions. If you need further modifications or explanations, feel free to ask!
Phát hành các Ghi chú
Update:- Change Long (CHNLNG) added to previous week.
- Change Short (CHNSRT) added to the previous week.
- Trend based on Cot data
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