This simple script takes a closer look at the Commercial part of the CoT (Commitment of Traders) Data. It shows thier percentual level on given time frames (default: during the last 6 months, 3 years and 5 years).
This relative perspective is often more useful than the absolute contract numbers.
Traders are represented by red lines, they move fast
Investors are represented by green/orange lines, investors move very slow
When you see some quick moves from traders,
you can take the opposite side of the trade because you know investors
are behind you and are very slow to change position.
How to use :
When the green / orange lines are contracting, the...