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COT-Index (Trader Sentiment Tracker)

The COT Data with Speculator Indices indicator provides insights into market sentiment based on the Commitments of Traders (COT) report. It analyzes and visualizes the positions of different market participants (e.g., large speculators, commercial traders, and nonreportable positions) over a specific period (default: 26 weeks). The indicator calculates indices for each group, ranging from 0 to 100, indicating whether positions are extreme or neutral.

It includes customizable thresholds to highlight bearish (above 80%) and bullish (below 20%) zones, with visual cues (lines and background color changes) to mark market extremes. The indicator also displays the current COT data in a table and provides real-time signals based on the market sentiment, helping traders assess the potential market direction.

Key features:

Displays COT data for large speculators, commercial traders, and nonreportable positions.
Visualizes market extremes with background shading.
Provides real-time sentiment signals.
Customizable thresholds for bullish and bearish signals.
This indicator is useful for traders who want to gauge market sentiment using the COT report and make informed decisions based on trader positioning.

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