PROTECTED SOURCE SCRIPT
Bitcoin COT
Based on BennettStein's Bitcoin COT (CME) indicator, this adds 7 day ema and average up and down trend.
White = Institutional
Red = Retail
Cyan = Professional
Green = Average of Institutional, Retail, and Professional
Yellow = % open interest held by largest 4 longs
Purple = % open interest held by largest 4 shorts
Green/Red background = Directionality over time of Institutional, Retail, and Professional
DATA SOURCE: various Quandl feeds on trading view
// HOW TO INTERPRET: (from BennettStein's documentation) -- NOT FINANCIAL ADVICE
// 1. Trade in the same direction of institutional money.
// 2. Trade in the opposite direction of retail money.
// 3. Trade in the direction of professional money.
// 4. When %open interest held by largest 4 longs > %open interest held by largest 4 shorts = look to buy
// 5. When %open interest held by largest 4 shorts > %open interest held by largest 4 longs = look to sell
White = Institutional
Red = Retail
Cyan = Professional
Green = Average of Institutional, Retail, and Professional
Yellow = % open interest held by largest 4 longs
Purple = % open interest held by largest 4 shorts
Green/Red background = Directionality over time of Institutional, Retail, and Professional
DATA SOURCE: various Quandl feeds on trading view
// HOW TO INTERPRET: (from BennettStein's documentation) -- NOT FINANCIAL ADVICE
// 1. Trade in the same direction of institutional money.
// 2. Trade in the opposite direction of retail money.
// 3. Trade in the direction of professional money.
// 4. When %open interest held by largest 4 longs > %open interest held by largest 4 shorts = look to buy
// 5. When %open interest held by largest 4 shorts > %open interest held by largest 4 longs = look to sell
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.