MetaCOT 2 CFTC ToolBox (Indicator Set) MT4 - MetaTrader 4 Script

Brief description

MetaCOT 2 CFTC ToolBox Indicators is a set of indicators that analyze CFTC reports (United States Commodity Futures Trading Commission) and allows you to chart COT, D-COT, TFF and CIT directly in the MetaTrader platform. These indicators are available in the source code, however, their work requires the special library MetaCOT 2 CFTC MT4 Toolbox .

MetaCOT 2 CFTC ToolBox supports the following types of CFTC reports:

For each supported report type, the following metrics are plotted:

Each CFTC report has 7 main indicators, and each indicator has 5 versions according to the report type. The following table shows the correspondence between metrics and report types. For some versions of the indicator, separate versions are available on the market. In this case, the name of the indicator contains a link to the individual version. Otherwise, the indicator is only available as part of this library:

Install libraries and indicators

To install and operate the indicator correctly, follow these steps:

After compilation, the MetaCot 2 indicator appears in MetaTrader. You can run them on charts. There is a certain delay in data display:

Eliminate delays by installing the fully functional version of this library: MetaCOT CFTC MT4 Toolbox . Then do one of two things:

After all modifications are completed, recompile all indicators again. To do this, repeat point 5 of the installation process. Restart indicator. If done correctly, the delay should disappear:

If for any reason you are unable to upgrade to the full-featured version, please contact me via the private message system: https://www.mql5.com/en/users/c-4

Multiple indicators in one window

All indicators of the MetaCOT family are designed in a way that allows you to combine data in one window and use standard indicators. Furthermore, in addition to the standard functions, the following functions are available:

For example, we will create two COT indices in one window and calculate the moving average of one of them:

Likewise, you can use MetaCOT data to build other standard indicators.

RSI is built on the net position of the MetaCOT COT Netto position operator:

Bollinger Bands (dashed channel) based on MetaCOT COT Netto position operator net position:

Learn how to display multiple indicators in a single window in the following video:

Export CFTC reports to CSV format and Excel

In addition to indicators, MetaCOT 2 CFTC ToolBox has the ability to export any data from any report to a text CSV file. The file can then be uploaded to a program used to process statistics, such as Excel. Saving data to a file is performed through the special script MetaCOT 2 Indicators Save Values ​​In File. It receives the value of one of the 34 MetaCOT indicators and saves them in a text file in CSV format. The utility has the following main parameters:

Let's consider the practical problem: exporting the COT-Index in Excel for further analysis:

(The folder location where you can find the required files corresponds approximately to: C:\Users\UserName\AppData\Roaming\MetaQuotes\Terminal\Common\Files\MetaCOT\CsvReport, where UserName is your name in the Windows operating system).

Start Excel. Select the Data tab and click the From Text icon to export a CSV file. The export wizard starts. Select a previously saved file. Specify a semicolon as the column separator.

If done correctly, the values ​​for the 52-week COT Index should appear in the table:

The script saves all participant groups simultaneously in the corresponding columns. Likewise, you can export any CFTC report to Excel, as well as any metrics built on the report. For example, if you want to analyze the absolute positions of COT participants, select CFTC COT Absolute Positions in the CFTC indicator type and save the results.

The video below shows an example of exporting COT member net position (Netto Position) data in Excel:

for programmers

All indicators are based on the same algorithm:

Let's consider an example based on the MetaCOT 2 COT index:

Let's examine in detail how the COT index is calculated. Its calculation is divided into two stages:

Calculation of the COT index is expressed as the Get Index Value function (ToolBox.mqh file):

All other indicators of the MetaCOT2 series work in the same way.

MetaCOT 2 COT absolute position

The Absolute Position indicator shows the open position dynamics of the classic COT report (Commitment of Traders) or the number of traders in each participant group. It includes the following groups:

The following are the basic indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Often, extreme values ​​by one of the group members are a harbinger of a reversal in global markets. The indicator displays these values, indicating potential future reversals. Learn more details on how to use this indicator in Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reports , and in the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

COT Report Chart: Absolute Position of Participant

MetaCOT 2 COT absolute change

The absolute change in MetaCOT 2 commitments shows the change in the number of contracts held by market participants. Information about market participants and the number of contracts they hold comes from the COT report published by the CFTC ( U.S. Commodity Futures Trading Commission ). The data displayed by the metric can be found in the "Committed Changes" section of the COT report itself:

COT Report: Source format of the report

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

The indicator can be combined with other indicators of the MetaCOT family, or multiple participant groups can be displayed in a common sub-window of the indicator. This enables a high degree of flexibility in conducting fundamental and technical market analysis. It is important to understand that this indicator is best used in conjunction with other indicators from the MetaCOT family to provide the most accurate and comprehensive analysis of market fundamentals.

COT Report Chart : Change in Absolute Position

MetaCOT 2 COT inner support position

MetaCOT 2 is a set of indicators and specialized utilities for analyzing CFTC reports. With reports issued by the committee, the position sizes and directions of major market participants can be analyzed, taking long-term price forecast accuracy to a new higher quality level that is unreachable by most traders.

The Market Participants Net Position indicator shows the difference between long and short positions in one of three trader groups, as well as total open interest across the market and the number of positions covered by non-commercial traders. The CFTC Commission’s COT (Commitment of Traders) report serves as the data source for this indicator. Here is the complete list of display groups:

Typically, an extreme value in the net position of one of the group members is a harbinger of a reversal in global markets. The indicator displays these values, indicating potential future reversals. Learn more details on how to use this indicator in Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reports , and in the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT Report Chart : Participants’ Net Position

MetaCOT 2 COT Netto changes

MetaCOT 2 Netto Commitment Change shows the change in the net position of market participants. Information about market participants and the number of contracts they hold comes from the COT report published by the CFTC ( U.S. Commodity Futures Trading Commission ). The indicator data is similar to the Changes in Commitments section of the COT report, the only difference being that they are calculated for the trader’s net position rather than the absolute position. In addition, the provided indicators have additional features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT Report Chart : Change in Net Position

MetaCOT 2 COT Index

The COT index is the most popular, efficient and simple indicator to determine the extreme overbought and oversold points of the market. It is calculated through the Stochastic Oscillator formula based on traders' net position data taken from the COT report (Commitment of Traders). The indicator's value points from 0% to 20% and from 80% to 100% are located in extremely overbought and oversold conditions in the market, indicating that prices frequently reverse after reaching these levels. The calculation is based on the net position and open interest of commercial, non-commercial and non-reporting traders.

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT index chart (52-week line, gold)

MetaCOT 2 COT Williams Business Index (Willco)

The Williams Business Index (Willco), developed by Larry Williams, is the most advanced version of the standard COT index . Unlike the latter, Willco compares the extremes of the participant pool to the accumulated open interest. Therefore, Willco is a standard COT index weighted relative to the entire market. Like the latter, it is an oscillator whose value changes from 0% to 100%. The indicator's value points from 0% to 20% and from 80% to 100% are located in extremely overbought and oversold conditions in the market, indicating that prices frequently reverse after reaching these levels. Data on traders' net positions are used as the basis for calculation (see MetaCOT 2 Netto position indicator).

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Willco Chart (52 Weeks, Gold)

MetaCOT 2 COT Change Index

Movement Indexing was originally proposed by Steve Breeze and described in his book The Promise of the Trader's Bible: How to Profit from Insider Market Intelligence. It quickly became popular among traders analyzing CFTC reports and became in many ways a classic and unique tool for spotting rapid changes that lead to position imbalances among market participants.

This metric shows the change in the relative position of the participants in the form of a histogram and is expressed as a percentage. Its range is -100% to +100%, and the COT index or Wilco index is calculated based on the data. A reversal signal occurs when the absolute value of the indicator exceeds the threshold (default setting is 40%).

While other indicators in the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, which shows rapid changes in the positions of market participants. Therefore, analysis of this indicator together with other indicators of the MetaCOT series becomes indispensable. Additionally, other programs that provide access to CFTC reports do not provide change indices. Therefore, the MetaTrader platform and the MetaCOT suite are the undisputed solutions for comprehensive analysis of CFTC reports.

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Trend index chart (52 weeks, gold)

MetaCOT 2 D-COT absolute position

The absolute position indicator shows the dynamics of the open positions or number of traders for each group of participants in the classified COT report. It includes the following groups:

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Often, extreme values ​​by one of the group members are a harbinger of a reversal in global markets:

Classified COT report, participant absolute position chart

MetaCOT 2 D-COT absolute change

MetaCOT 2 D-COT Absolute Change shows the change in the number of contracts held by market participants. Information about market participants and the number of contracts they hold comes from the D-COT report published by the CFTC ( U.S. Commodity Futures Trading Commission ). The data displayed by the metric can be found in the "Committed Changes" section of the D-COT report itself:

Classified COT report, original report format

In addition, the proposed indicator has other features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Classified COT Report: Changes in Absolute Position

MetaCOT 2 D-COT inner support position

MetaCOT 2 D-COT Netto Position Analysis Report Trader Classified Commitment of Traders (D-COT), a classic indicator similar to the Netto position calculated for COT reports.

D-COT Netto Position - A market participant net position indicator that shows the difference between long and short positions in one of three trader groups, as well as the total open interest in the market as a whole.

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Classified COT report, participant net position chart

MetaCOT 2 D-COT Netto Changes

MetaCOT 2 D-COT Netto Changes shows changes in the net position of market participants. Information about market participants and the number of contracts they hold comes from the D-COT report published by the CFTC ( U.S. Commodity Futures Trading Commission ). The indicator data is similar to the “ Change in Commitment ” section of the D-COT report, the only difference being that they are calculated for the trader’s net position rather than the absolute position. In addition, the provided indicators have additional features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Classified COT report, participant net position change chart

MetaCOT 2 D-COT Index

MetaCOT 2 is a set of indicators and dedicated utilities that can be used to analyze CFTC ( Commodity Futures Trading Commission ) reports directly in the MetaTrader terminal. This indicator analyzes Classified Commitment of Traders (D-COT) reports and is similar to the classic COT Index indicator, calculated for COT reports.

The D-COT index is the most popular, efficient and simple indicator to determine the extreme overbought and oversold points of the market. It is calculated based on the formula of the Stochastic Oscillator, based on traders' net position data from the D-COT (Classified Commitment of Traders) report. The indicator's value points from 0% to 20% and from 80% to 100% are located in extremely overbought and oversold conditions in the market, indicating that prices frequently reverse after reaching these levels.

For more details on how this indicator is calculated, see Larry Williams' book Trading Stocks and Commodities with Insiders: Secrets of the COT Report .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

This indicator is designed to analyze commodity markets (metals, oil and gas, food, raw materials). Use the TFF series of indicators to analyze financial markets (currencies, indices, bonds), especially the TFF index .

Classified COT Index Chart ( 52 times a week , gold)

MetaCOT 2 D-COT Williams Business Index (Willco)

MetaCOT 2 is a set of indicators and dedicated utilities that can be used to analyze CFTC ( Commodity Futures Trading Commission ) reports directly in the MetaTrader terminal. This indicator analyzes Classified Commitment of Traders (D-COT) reports and is similar to the classic Wilco indicator, calculated for COT reports.

The Williams Business Index (Willco), developed by Larry Williams, is the most advanced version of the standard , the D-COT Index . Unlike the latter, Willco compares the extremes of the participant pool to the accumulated open interest. Therefore, Willco is a standard D-COT index weighted relative to the entire market. Like the latter, it is an oscillator whose value changes from 0% to 100%. The indicator's values ​​from 0% to 20% and from 80% to 100% points are located at moments of extreme overbought and oversold conditions in the market, indicating that the price may reverse after reaching these levels.

For more details on how this indicator is calculated, see Larry Williams' book Trading Stocks and Commodities with Insiders: Secrets of the COT Report .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

This indicator is designed to analyze commodity markets (metals, oil and gas, food, raw materials). Analyze financial markets (currencies, indices, bonds) using the TFF series of indicators, especially the Williams Business Index TFF .

Category Willco Charts ( 52 Weekly , Silver)

MetaCOT 2 D-COT Change Index

Movement Indexing was originally proposed by Steve Breeze and described in his book The Promise of the Trader's Bible: How to Profit from Insider Market Intelligence. It quickly became popular among traders analyzing CFTC reports and became in many ways a classic and unique tool for spotting rapid changes that lead to position imbalances among market participants.

This metric shows the change in the relative position of the participants in the form of a histogram and is expressed as a percentage. Its range is -100% to +100%, calculated based on data from the D-COT Index or D-COT Willco Index indicator. A reversal signal occurs when the absolute value of the indicator exceeds the threshold (default setting is 40%).

While other indicators in the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, which shows rapid changes in the positions of market participants. Therefore, analysis of this indicator together with other indicators of the MetaCOT series becomes indispensable. Additionally, other programs that provide access to CFTC reports do not provide change indices. Therefore, the MetaTrader platform and the MetaCOT suite are the undisputed solutions for comprehensive analysis of CFTC reports.

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Category Change Index Chart ( 52 times a week , Gold)

MetaCOT 2 TFF absolute position

The Absolute Position indicator shows the dynamics of open positions or number of traders for each group of participants in the Financial Futures Traders report. It includes the following groups:

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

TFF report, traders absolute position chart, Russian ruble

MetaCOT 2 TFF absolute changes

MetaCOT 2 TFF absolute change shows changes in the number of contracts held by market participants. Information about market participants and the number of contracts they hold comes from the TFF report published by the CFTC ( Commodity Futures Trading Commission ). The data displayed by the metric can be found in the Commitment Change section of the TFF report itself:

Source Report TFF

In addition, the proposed indicator has other features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

TFF report, absolute position change dynamics of traders, Russian ruble

MetaCOT 2 TFF Netto Location

This indicator analyzes Traders Financial Futures (TFF) reports and is similar to the classic Intracoastal Position indicator, calculated for COT reports.

TFF Netto Position is an indicator of the net position of market participants. It shows the difference between the long and short positions of a certain group of traders, as well as the total open interest in the market as a whole. This indicator analyzes supply and demand dynamics in major financial markets. An upward trend must be confirmed by an increase in demand for a commodity, while a decrease in price must be confirmed by a decrease in demand. The difference in these numbers gives an important signal of a potential reversal in the market.

For more details on how this indicator is calculated, see Larry Williams' book Trading Stocks and Commodities with Insiders: Secrets of the COT Report .

The following are the main indicator parameters and their descriptions:

This indicator is designed to analyze financial markets (currencies, indices, bonds). Use the D-COT series of indicators to analyze commodity markets (metals, oil and gas, food, raw materials), especially D-COT Netto positions.

TFF report, participant net position chart

MetaCOT 2 TFF Netto changes

MetaCOT 2 Netto Commitment Change shows the change in the net position of market participants. Information about market participants and the number of contracts they hold comes from the COT report published by the CFTC ( U.S. Commodity Futures Trading Commission ). The indicator data is similar to the Changes in Commitments section of the COT report, the only difference being that they are calculated for the trader’s net position rather than the absolute position. In addition, the provided indicators have additional features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

TFF report, changes in participants’ net positions

MetaCOT 2 TFF Index

MetaCOT 2 is a set of indicators and dedicated utilities that can be used to analyze CFTC ( Commodity Futures Trading Commission ) reports directly in the MetaTrader terminal. This indicator analyzes Traders Financial Futures (TFF) reports and is similar to the classic COT Index indicator, calculated for COT reports.

The TFF Index is the most popular, efficient and simple indicator for determining extreme overbought and oversold points in the market. It is calculated based on the formula of the Stochastic Oscillator, based on traders' net position data from the TFF (Traders Financial Futures) report. The indicator's values ​​from 0% to 20% and from 80% to 100% points are located at moments of extreme overbought and oversold conditions in the market, indicating that price may reverse after reaching these levels.

For more details on how this indicator is calculated, see Larry Williams' book Trading Stocks and Commodities with Insiders: Secrets of the COT Report .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

This indicator is designed to analyze financial markets (currencies, indices, bonds). Use the D-COT series of indicators to analyze commodity markets (metals, oil and gas, food, raw materials), especially the D-COT index.

TFF Index Chart ( 52 times weekly , GBP)

MetaCOT 2 TFF Williams Business Index (Willco)

MetaCOT 2 is a set of indicators and dedicated utilities that can be used to analyze CFTC ( Commodity Futures Trading Commission ) reports directly in the MetaTrader terminal. This indicator analyzes Traders Financial Futures (TFF) reports and is similar to the classic Wilco indicator, calculated for COT reports.

The Williams Business Index (Willco), developed by Larry Williams, is the most advanced version of the standard, the TFF Index . Unlike the latter, Willco compares the extremes of the participant pool to the accumulated open interest. Therefore, Willco is a standard TFF index weighted relative to the entire market. Like the latter, it is an oscillator whose value changes from 0% to 100%. The indicator's values ​​from 0% to 20% and from 80% to 100% points are located at moments of extreme overbought and oversold conditions in the market, indicating that the price may reverse after reaching these levels.

For more details on how this indicator is calculated, see Larry Williams' book Trading Stocks and Commodities with Insiders: Secrets of the COT Report .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

This indicator is designed to analyze financial markets (currencies, indices, bonds). Commodity markets (metals, oil and gas, food, raw materials) are analyzed using the D-COT series of indicators, specifically the Williams Business Index D-COT.

TFF Willco Chart ( 52 times weekly , Russian Ruble)

MetaCOT 2 TFF Movement Index

MetaCOT 2 is a set of indicators and dedicated utilities that can be used to analyze CFTC ( Commodity Futures Trading Commission ) reports directly in the MetaTrader terminal. The indicator analyzes Traders Financial Futures (TFF) reports and is similar to the classic sports index , calculated for COT reports.

Movement Indexing was originally proposed by Steve Breeze and described in his book The Promise of the Trader's Bible: How to Profit from Insider Market Intelligence. It quickly became popular among traders analyzing CFTC reports and became in many ways a classic and unique tool for spotting rapid changes that lead to position imbalances among market participants. This indicator is best suited for swing trading.

This metric shows the change in the relative position of the participants in the form of a histogram and is expressed as a percentage. It ranges from -100% to +100% and is calculated based on data from the TFF Index or Willco Index indicator. A reversal signal occurs when the absolute value of the indicator exceeds the threshold (default setting is 40%).

While other indicators in the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, which shows rapid changes in the positions of market participants. Therefore, analysis of this indicator together with other indicators of the MetaCOT series becomes indispensable. Additionally, other programs that provide access to CFTC reports do not provide change indices.

For more details on the calculation method of this indicator please see the article: Meta COT Project - New horizons in the analysis of CFTC reports in MetaTrader 4 .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

This indicator is designed to analyze commodity markets (metals, oil and gas, food, raw materials). Analyze financial markets (currencies, indices, bonds) using the TFF series of indicators, especially the movement index D-COT .

TFF Change Index Chart ( 52 times weekly , GBP)

MetaCOT 2 L-COT absolute position

This indicator shows the positions of major market participants relative to the total number of open positions (open interest). In the COT report, the main players are as follows:

Therefore, 4 groups can be used for analysis: 4. the absolute positions of the 8 largest traders and 4. the net positions of the 8 largest traders. Data for this indicator can be obtained directly in the COT report:

Here are the key parameters and their meaning:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT Report: Chart of Top Players

MetaCOT 2 L-COT absolute change

MetaCOT 2 L-COT Absolute Change shows the change in the number of contracts held by the largest market participants.

In addition, the proposed indicator has other features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT Report: Changes in Positions of the Largest Participants

MetaCOT 2 L-COT inner support position

The Net Position indicator of the market's largest players shows the difference between long and short positions in one of three trader groups. Here is the full list of displayed groups:

Typically, an extreme value in the net position of one of the largest group members is a harbinger of a reversal in global markets. The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT Report: Netto position chart of the largest players

MetaCOT 2 L-COT Netto Changes

MetaCOT 2 L-COT Netto Changes shows the net position changes of large market participants. This indicator has additional features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

COT Report: Net Position Change Dynamics of the Largest Players

MetaCOT 2 L-COT Index

The L-COT index is a classic COT index calculated based on data from major market participants. Since these data are relative and show the percentage of contracts held by major players relative to the total open interest, the L-COT Index corresponds exactly to the L-COT Willco indicator. Therefore, the L-COT index does not exist as a separate indicator.

MetaCOT 2 L-COT Williams Business Index (Willco)

The Williams Business Index (Willco), developed by Larry Williams, is the most advanced version of the standard COT index . Unlike the latter, Willco compares the extremes of the participant pool to the accumulated open interest. Therefore, Willco is a standard L-COT index weighted relative to the entire market. Like the latter, it is an oscillator whose value changes from 0% to 100%. The indicator's value points from 0% to 20% and from 80% to 100% are located in extremely overbought and oversold conditions in the market, indicating that prices frequently reverse after reaching these levels. Data on traders' net positions are used as the basis for calculation (see MetaCOT 2 Netto position indicator).

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Willco Biggest Chart Player ( 52 times weekly, Silver)

MetaCOT 2 L-COT Movement Index

Movement Indexing was originally proposed by Steve Breeze and described in his book The Promise of the Trader's Bible: How to Profit from Insider Market Intelligence. It quickly became popular among traders analyzing CFTC reports and became in many ways a classic and unique tool for spotting rapid changes that lead to position imbalances among market participants.

This metric shows the change in the relative position of the participants in the form of a histogram and is expressed as a percentage. It ranges from -100% to +100% and is based on the L-COT Index or the Wilco Index indicator. A reversal signal occurs when the absolute value of the indicator exceeds the threshold (default setting is 40%).

While other indicators in the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, which shows rapid changes in the positions of market participants. Therefore, analysis of this indicator together with other indicators of the MetaCOT series becomes indispensable. Additionally, other programs that provide access to CFTC reports do not provide change indices. Therefore, the MetaTrader platform and the MetaCOT suite are the undisputed solutions for comprehensive analysis of CFTC reports.

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

Top Moving Index Chart Players ( 52 Weekly , Silver)

The Report Commodity Index Trading Supplement is an expanded version of the classic COT report produced for certain commodity markets. It was established for the following markets:

In addition to the main categories of the COT report, the CIT report also includes information on the long and short positions of so-called index traders (CIT and CIT Long All Short All). Otherwise he will repeat the COT report. This type of reporting applies only to futures and options.

MetaCOT 2 CIT absolute position

The Absolute Position indicator shows the dynamics of the open positions or number of traders for each group of participants in the CIT report. It includes the following groups:

This indicator has one main parameter:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT Report Chart: Index Trader Positions

MetaCOT 2 CIT Absolute Change

The absolute change in MetaCOT 2 commitments shows the change in the number of contracts held by market participants. Information about market participants and the number of contracts they hold comes from CIT reports published by the CFTC ( Commodity Futures Trading Commission ).

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT Report Chart: Changes in Index Trader Positions

MetaCOT 2 CIT Netto location

The Market Participants Net Position indicator shows the difference between long and short positions in one of three trader groups, as well as total open interest across the market and the number of positions covered by non-commercial traders. The CFTC Commission’s COT (Commitment of Traders) report serves as the data source for this indicator. Here is the complete list of display groups:

Typically, an extreme value in the net position of one of the group members is a harbinger of a reversal in global markets. The indicator displays these values, indicating potential future reversals.

This indicator has one main parameter:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT report chart: Index traders’ net positions at a glance

MetaCOT 2 CIT Netto Changes

MetaCOT 2 Netto Commitment Change shows the change in the net position of market participants. Information about market participants and the number of contracts they hold comes from CIT reports published by the CFTC ( Commodity Futures Trading Commission ). The indicator data is similar to the " Changes in Commitments " section of the CIT report, the only difference being that they are calculated for traders' net positions rather than absolute positions. In addition, the provided indicators have additional features:

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT Report Chart: Changes in Index Traders’ Net Positions

MetaCOT 2 CIT Index

The CIT index simulates the COT index. It is the most popular, effective and simple indicator for determining extreme overbought and oversold points in the market. It is calculated based on the Stochastic Oscillator formula from trader net position data obtained from CIT reports. The indicator's value points from 0% to 20% and from 80% to 100% are located in extremely overbought and oversold conditions in the market, indicating that prices frequently reverse after reaching these levels. The calculation is based on the net position and open interest of commercial, non-commercial and non-reporting traders.

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT Index Chart ( 52 Weekly , Sugar)

MetaCOT 2 CIT Williams Business Index (Willco)

The Williams Business Index (Willco), developed by Larry Williams, is the most advanced version of the standard CIT index. Unlike the latter, Willco compares the extremes of the participant pool to the accumulated open interest. Therefore, Willco is a standard CIT index weighted relative to the entire market. Like the latter, it is an oscillator whose value changes from 0% to 100%. The indicator's value points from 0% to 20% and from 80% to 100% are located in extremely overbought and oversold conditions in the market, indicating that prices frequently reverse after reaching these levels. Data on traders' net positions are used as the basis for calculation (see MetaCOT 2 Netto position indicator).

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT Willco Chart ( 52-Weekly , Wheat)

MetaCOT 2 CIT Change Index

Movement Indexing was originally proposed by Steve Breeze and described in his book The Promise of the Trader's Bible: How to Profit from Insider Market Intelligence. It quickly became popular among traders analyzing CFTC reports and became in many ways a classic and unique tool for spotting rapid changes that lead to position imbalances among market participants.

This metric shows the change in the relative position of the participants in the form of a histogram and is expressed as a percentage. It ranges from -100% to +100% and is calculated based on data from the CIT Index or Willco Index indicator. A reversal signal occurs when the absolute value of the indicator exceeds the threshold (default setting is 40%).

While other indicators in the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, which shows rapid changes in the positions of market participants. Therefore, analysis of this indicator together with other indicators of the MetaCOT series becomes indispensable. Additionally, other programs that provide access to CFTC reports do not provide change indices. Therefore, the MetaTrader platform and the MetaCOT suite are the undisputed solutions for comprehensive analysis of CFTC reports.

For more details on how to use this indicator, see Larry Williams' book: Trading Stocks and Commodities with Insiders: Secrets of COT Reporting , and the article Meta COT Project - New Horizons in CFTC Report Analysis in MetaTrader 4 .

The following are the main indicator parameters and their descriptions:

More details about the description of the indicator settings can be found in the blog " MetaCOT 2: Settings and Possibilities ".

CIT Change Index Chart ( 52 Weeks, Wheat )

Attachment download

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📎 MetaCOT2_TFF_Williams_Commercial_Index.mq4 (14.87 KB)

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Source: MQL5 #16767