What Forex Indicator Shows Cot
The commitment of traders or cot report comes out on a weekly basis and is put together by the commodity futures trading commission or cftc.
What forex indicator shows cot. 0 or 100. The cot totals indicator displays the raw position data from the cot report. And now we have a cot indicator. Once we have assigned values to each of the calculated differences we should be alerted whenever new data inputted into the index shows an extreme.
Since the cot report comes out weekly its usefulness as a market sentiment indicator would be more suitable for longer term trades. Cot forex cftc s commitments of traders net non commercial positions for major currency these graphs show the cftc s commitments of traders cot weekly data. The report is prepared by the commodity futures trading commission cftc. The information it contains includes the aggregate amount of long and short positions that are held by different types of traders including large traders speculators and financial institutions as well as commodity producers and commercial users like.
The question you may be asking now is this. Forex futures markets along with open interest contracts held by all parties. It is an excellent trading tool and can be used as an indicator for analyzing market sentiment. For example the code of wheat is equal 001602.
You may want to check out our complete guide to how the forex market works whiteboard explainer video as we dig deep into forex market structure and asymmetric information order flow on the interdealer market and other topics that will increase your understanding of how a cot strategy can be a critical component of. The commitment of traders cot reports show futures traders positions at the close of usually tuesday s trading session. How the heck do you turn all that big giant gobbled up block of text into a sentiment based indicator that will help you grab some pips. Net positions for non commercial speculative traders in the u s.
For example the code of wheat is equal 001602. The total long total short and total spreading simultaneous long and short positions where applicable positions are displayed by the indicator as well as a line showing the net long short positions. This is very similar to the rsi and stochastic indicators that we ve discussed in earlier lessons.
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