COT Indicators - COT Indicator Suite For MetaTrader - MT4 - MT5
COT Indicators - COT Indicator Suite For MetaTrader - MT4 - MT5
COT Indicators - COT Indicator Suite For MetaTrader - MT4 - MT5
COT Indicators
The COT Indicator Suite for MetaTrader contains five indicators for displaying COT data directly onto your MetaTrader charts. There are three sets of indicators, one for each of the three report
types (legacy, disaggregated and TiFF). The data is plotted weekly upon market open on Sunday night.
COT Totals
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The COT Totals indicator displays the raw position data from the COT report. The total long, total short and total spreading (simultaneous long and short positions, where applicable) positions are
displayed by the indicator, as well as a line showing the net long/short positions.
The position totals can be used as a discretionary tool to determine the proportion of long vs. short positions and the change over time.
COT Graph
The COT Graph indicator displays the net long/short position for multiple trader classifications. At a glance, you can compare the bias of commercial vs. non-commercial traders in the market.
By taking into account the positions held by various classifications of traders, you can confirm long-term market movements.
The COT Open Interest indicator displays the open interest for a particular instrument. An increase in open interest can indicate momentum in that market.
COT Index
The COT Index indicator is based on a popular formula taught by Larry Williams and Steve Briese in their Commitment Of Traders books. A reading of 100 indicates a new high for the indicator
period, while a reading of 0 indicators a new low.
The COT Index is useful for locating price extremes, and can be used to indicate possible reversals.
The COT Pair Index is an indicator that is exclusive to the COT Indicator Suite and a very powerful tool to have at your disposal. It takes the net long/short positions of two instruments and
attempts to track the combined movement of both instruments.
Readings above 70 or below 30 indicate price extremes that signal an extended trend or a potential reversal zone. We believe that the COT Pair Index can track the long-term movements of a
pair in a way that is easy to interpret at a glance and is unique to our indicator suite.
See our COT learning resources page to learn more about interpreting COT data.