OPEN-SOURCE SCRIPT

COT: Noncommercial Net (Futures)

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The CFTC publishes Commitment of Traders data every Friday. Inside that report, the "Noncommercial" category — large speculators, managed money, trend-followers — is the one most traders actually want to watch. This script strips everything else away and shows their net stance: Long minus Short, futures contracts only.

Positive values mean large speculators are net long. Negative means net short. A move across zero often marks a meaningful shift in positioning, not just noise.

How it works

The indicator auto-detects the correct CFTC code from the chart's symbol using TradingView's official LibraryCOT, so you don't need to configure anything. Open it on BTC futures, gold, crude oil, the yen — it resolves the code and pulls the right data automatically.

A teal/red histogram shows whether net positioning is positive or negative. A step-line sits on top for precise bar-by-bar reading. Zero is marked with a dashed reference line.

What it doesn't do

It doesn't tell you when to buy or sell. COT data is released weekly and lags several days behind the reporting cutoff — it's positioning context, not a signal. Use it alongside price action and other tools to understand who is leaning which way, not as a standalone trigger.

Notes


Futures only (not futures + options combined)
Noncommercial Long − Noncommercial Short = Net
Data source: CFTC Legacy report via TradingView's LibraryCOT v6
Works on any symbol that has a CFTC code in TradingView's database


Not financial advice. Position sizing and risk management are your responsibility.

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