COTCommercialIndex
COTCommercialIndex
The installation of the Technical Analysis Package is required in order to access this indicator.
Description
The CommercialIndex is a very telling COT indicator. It puts two of the most important COT-parameters in relation to each other – the net position of the commercials to the open interest. These values are normalized and subsequently outputted. A high value of the CommercialIndex shows strong buying behavior of the commercials, whereas a low value shows strong sell pressure from the commercials. The parameters are similarly structured as with the COTReport.
The following parameters are available for the COTCommercialIndex:
CotType: see COTReportLegacy – CotType
ReportType: see COTReportLegacy – ReportType
StochasticPeriod: see COTReportLegacy – ComparativePeriod
OpenInterestType: Here you can choose between [Native/Stochastic], which determines whether absolute values or the stochastic values of the positions of the commercials should be used for the calculation. The default setting is “Native”; do not change this if you wish to keep the informative value of the indicator.
Parameters
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Return value
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Usage
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Visualization
Example
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