COT Index Tracks Smart Money Across All Timeframes

The CFTC releases weekly reports on the positions of the largest players in the futures markets, providing insights into the strategies of commercials, producers, merchants, and large hedgers. These traders interact with the underlying assets daily, and their positioning often moves counter to the crowd at market extremes. The COT Index by DanubeMetrics transforms this data into a 0-100 oscillator, making it accessible across multiple timeframes without switching charts.

This indicator offers three key advantages: timeframe independence, multi-period analysis, and accurate historical data. It displays short-, medium-, and long-term positioning simultaneously, with default lookback periods of 12, 26, and 52 weeks. The indicator ensures historical bars reflect only data available at the time, enhancing realism. It also highlights when all indices reach bullish or bearish extremes, helping traders identify potential turning points.

Users can customize the indicator by adjusting the number of weeks for each index, toggling the display of individual indices, and choosing between futures-only or futures plus options data. Additional features include built-in symbol corrections for specific markets like Copper, Lumber, and Lithium, and an info panel showing market details and report release dates. The script is open-source, allowing traders to review and verify its functionality.