- free download of the cot indicator by boeing737 for metatrader 4 in the mql5 code base, 2015.
The cot index indicator is based on a popular formula taught by larry williams and steve briese in their commitment of traders books. A reading of 100 indicates a new high for the indicator period, while a reading of 0 indicators a new low. The cot index is useful for locating price extremes, and can be used to indicate possible reversals.
open interest is added to regular cot report - so right now you can see both commercialsnon-commercialsspeculators and open interest on the same chart. As usual the package is free and can be downloaded using the link in the original message at the beginning of this thread.
for those of you who are interested in using commitment of traders (cot) reportsin your trading - here is an example on how the screen will lokk like in your metatrader 4 terminal. Currently the cot reports are available for the following instruments cot canadian dollar 90741.
The commitment of traders (cot) reports show futures traders positions at the close of (usually) tuesdays trading session. The report is prepared by the commodity futures trading commission (cftc). It is an excellent trading tool and can be used as an indicator for analyzing market sentiment.
You can download the package with indicators from this page - httpwww. Html - also there youll find the instructions on how to make these indicators available in your mt4 terminal.
free cot reports and us economic indicators , 0807 am. Here are the examples of what you can get on your mt4 terminal. Examples of cot reports and charts and heres how economic data can be presented.