COT Total Position % (Indicator)

Disclaimer

Input Information

Name	Expression	Default	Description
FuturesOnly_Or_FuturesAndOptions_1_or_2	Numeric	1	Sets type of CFTC report data to use. 1="Futures Only" report, 2="Futures and Options" report

Market Synopsis

The COT (Commitments of Traders) Total Position % indicator plots the total Open Interest position for each group (commercial, non-commercial, and other speculative) of futures traders verses total Open Interest position for all groups as a percentage.  This shows which group is holding the largest position relative to the other groups, and how those relationships change over time.  

Total positions are calculated by taking the number of contracts that a group of traders is long and adding the number of contracts that same group of traders is short.  For each group then, the total of all contracts long and short is divided by the total long and short for all groups combined.  This value is displayed as a percentage.

Plot Information

Number	Name	Default Color	Description
Plot1	Comm	Blue	Plots the total positions of commercial traders / total positions of all groups.
Plot2	NonComm	Light Green	Plots the total positions of non-commercial / total positions of all groups. traders.
Plot3	Spec	Red	Plots the total positions of speculators (not of reportable size)  / total positions of all groups.

Remarks

See About COT Data in TradeStation for more information about using the fundamental COT data as part of your futures analysis.