COT Pressure Morpheus

Starting from the TradingView COT Report indicator, I developed an oscillator to make the data visualization more quantitative. My only goal was to obtain a Percent Rank Oscillator (ranging from 0 to 100) that would allow the identification of peaks in the COT releases.

It is especially useful for agricultural commodities. You can choose to monitor Large Traders, Small Traders, or Commercial Hedgers.

It MUST be used exclusively on FUTURES tickers; otherwise, it will not work. In particular, the setup I recommend for commodities is the following:

INPUT:
Auto
Futures
Long - Short
CFTC Code: Empty
104
5

When the indicator rises above 80 or falls below 20, we can identify an overexposure. By observing the behavior of Commercial Hedgers in particular, we can detect when they reach extreme LONG exposure (>80) or SHORT exposure (<20) and use this as an operational signal.

It MUST be analyzed only on the WEEKLY chart to allow proper normalization.