neov3

BTC COT Delta B

Bitcoin CME COT Delta Strategy
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Reading 4 largest long positions and 4 largest short positions, this script uses (shorts - longs) to produce a long/short signal.

• When delta <= buy threshold, a "long" signal will appear on the chart.
• When shorts >= sell threshold, a "short" signal will appear on the chart.

To see the indicator below, since it's not possible to mix the two, use this script:
** This is not a trading advice, it's for research purposes only. Do not trade based upon these signals.
Notes de version: • Updated preview image
Notes de version: • Updated strategy report
Notes de version: • Changed threshold to float, adjusted buy threshold from 5 to 5.1
Script open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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