COT Index & Positions by Novatrix Capital
- Index (0–100) – normalized net positions to identify bullish or bearish extremes (standard cycle: 26 weeks, optionally 52 weeks).
- Raw Net Positions – actual long minus short positions.
Color coding on the chart:
- Commercial Index: Blue
- Commercial Positions: Blue
- Retail Index: Red
- Retail Positions: Red
Additional features:
- Reference lines for neutral, overbought, and oversold levels.
- Helps traders analyze market sentiment and the positioning of major participant groups.
Important notice:
Since COT data is published only once per week and the COT Index is built on cyclical multi-week analysis, the indicator is intended to be used exclusively on the weekly timeframe.
The selected cycle length (typically 26 weeks, optionally 52 weeks) determines how net positions are compared and normalized, and can influence how quickly extreme zones appear in the index lines.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NovatrixCapital directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NovatrixCapital directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.