OPEN-SOURCE SCRIPT
COT REPORT
COT Report (Commitments of Traders)
COT Report is a positioning analysis indicator based on the official data published by the Commodity Futures Trading Commission (CFTC). It visualizes how different market participants are positioned in futures markets using the Legacy COT classification.
The script automatically detects the correct COT market code from the chart symbol and retrieves the corresponding positioning data.
📊 What It Shows
The indicator tracks three key trader groups:
1️⃣ Commercials (Blue)
Typically hedgers (producers, corporations, institutions)
Considered the “smart money” in many markets
Plots:
Long positions (hidden by default)
Short positions (optional negative display)
Net position (Long − Short) → Main visible line
2️⃣ Non-Commercials (Red)
Large speculators (funds, asset managers, leveraged traders)
Often trend-following participants
Plots:
Long positions (hidden)
Short positions (optional negative display)
Net position
3️⃣ Non-Reportable / Retail (Green)
Small traders
Often used as a contrarian sentiment gauge
Plots:
Long positions (hidden)
Short positions (optional negative display)
Net position
A zero reference line is included to clearly identify bullish vs. bearish net positioning.
⚙️ Key Feature
Optional Short Display Mode
Shorts can be displayed as negative numbers
Helps visualize gross long vs. short exposure more intuitively
🧠 How Traders Use It
This indicator is commonly used for:
Sentiment analysis
Identifying extreme positioning (potential reversals)
Confirming macro trends
Spotting divergences between price and positioning
Typical interpretation framework:
Rising Commercial net positions → Often accumulation phase
Extreme Non-Commercial net positions → Potential exhaustion
Retail heavily one-sided → Possible contrarian signal
🔎 Why It Matters
The COT report is one of the few transparent windows into institutional positioning. Unlike price-based indicators, this tool shows who is positioned where, not just what price is doing.
Used properly, it helps you align with structural flows instead of reacting emotionally to short-term volatility.
COT Report is a positioning analysis indicator based on the official data published by the Commodity Futures Trading Commission (CFTC). It visualizes how different market participants are positioned in futures markets using the Legacy COT classification.
The script automatically detects the correct COT market code from the chart symbol and retrieves the corresponding positioning data.
📊 What It Shows
The indicator tracks three key trader groups:
1️⃣ Commercials (Blue)
Typically hedgers (producers, corporations, institutions)
Considered the “smart money” in many markets
Plots:
Long positions (hidden by default)
Short positions (optional negative display)
Net position (Long − Short) → Main visible line
2️⃣ Non-Commercials (Red)
Large speculators (funds, asset managers, leveraged traders)
Often trend-following participants
Plots:
Long positions (hidden)
Short positions (optional negative display)
Net position
3️⃣ Non-Reportable / Retail (Green)
Small traders
Often used as a contrarian sentiment gauge
Plots:
Long positions (hidden)
Short positions (optional negative display)
Net position
A zero reference line is included to clearly identify bullish vs. bearish net positioning.
⚙️ Key Feature
Optional Short Display Mode
Shorts can be displayed as negative numbers
Helps visualize gross long vs. short exposure more intuitively
🧠 How Traders Use It
This indicator is commonly used for:
Sentiment analysis
Identifying extreme positioning (potential reversals)
Confirming macro trends
Spotting divergences between price and positioning
Typical interpretation framework:
Rising Commercial net positions → Often accumulation phase
Extreme Non-Commercial net positions → Potential exhaustion
Retail heavily one-sided → Possible contrarian signal
🔎 Why It Matters
The COT report is one of the few transparent windows into institutional positioning. Unlike price-based indicators, this tool shows who is positioned where, not just what price is doing.
Used properly, it helps you align with structural flows instead of reacting emotionally to short-term volatility.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.