PROTECTED SOURCE SCRIPT
COT - Extreme Zones (Auto + FX/Metals/Crypto Dropdown)
This indicator turns COT positioning into an easy-to-read oscillator that helps you track when market participants may be reaching positioning extremes.
It pulls Commercial Long/Short and Non-Commercial Long/Short from COT reports, computes their net positions, and builds a divergence series (Commercial Net – Non-Commercial Net). That divergence is then normalized into a 0–100 index using a rolling Min/Max window (52/156/260 weeks are common choices).
Why it’s useful
COT extremes can highlight when positioning becomes one-sided. This tool helps you spot those moments quickly via clear, color-coded extreme zones—ideal for timing watchlists, mean-reversion setups, or adding context to trend trades.
Modes
Auto (chart): maps the correct COT/CFTC code automatically from the current chart symbol
Dropdown selection: choose major FX currencies and (where available) Gold (XAU), Silver (XAG), and Bitcoin (BTC)
Extras
Adjustable extreme thresholds (default 80/20)
Optional raw divergence in the data window
Optional on-chart label showing the selected CFTC mapping
It pulls Commercial Long/Short and Non-Commercial Long/Short from COT reports, computes their net positions, and builds a divergence series (Commercial Net – Non-Commercial Net). That divergence is then normalized into a 0–100 index using a rolling Min/Max window (52/156/260 weeks are common choices).
Why it’s useful
COT extremes can highlight when positioning becomes one-sided. This tool helps you spot those moments quickly via clear, color-coded extreme zones—ideal for timing watchlists, mean-reversion setups, or adding context to trend trades.
Modes
Auto (chart): maps the correct COT/CFTC code automatically from the current chart symbol
Dropdown selection: choose major FX currencies and (where available) Gold (XAU), Silver (XAG), and Bitcoin (BTC)
Extras
Adjustable extreme thresholds (default 80/20)
Optional raw divergence in the data window
Optional on-chart label showing the selected CFTC mapping
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.