Download Meta CO T 2 CF T C Tool Box (Set of Indicators) MT4 for MetaTrader 4

Contents

General provisions
Brief description
MetaCOT 2 CFTC ToolBox Indicators is a set of indicators analyzing CFTC reports (US Commodity Futures Trading Commission) and allowing you to plot COT, D-COT, TFF and CIT charts directly in the MetaTrader platform. These indicators are available in the source codes, however, their work requires special libraries .
MetaCOT 2 CFTC ToolBox supports the following types of CFTC reports:

CIT - Commodity Index Trader Supplement
. Report of the index commodity traders' sentiment. A specific kind of report, reminiscent of the classic COT report, but it includes the positions of index traders. This type of report takes into account the option positions of traders.

LRGST - Largest Positions
. COT reports that, apart of data on the positions of traders, also contain additional data about the positions of the major market participants as a percentage of open interest (the total number of open contracts). These data are not a separate type of report. It has a different structure and analyzed in MetaCOT 2 as a separate report type.
For each of the supported report types, the following indicators are plotted:

Absolute Position
- absolute positions of market participants. The basic data type for all indicators. It is a basis of all other indicators, such as the net positions of the group of traders or COT Index.

Absolute Changes
- weekly changes in net positions of traders. This value contains in all of the report types in the 'Changes in Commitments' column. The indicator allows you to count the changes for any number of weeks, as well as provides results in the form of net changes in contracts and in the form of percentage changes.

Netto Positions
- displays the net positions of traders. Available for all report types. Based on MetaCOT 2 absolute position.

Netto Changes
- similar to MetaCOT 2 Absolute Changes, it only calculates changes in net positions of traders. The indicator allows you to count the changes for any number of weeks, as well as provides results in the form of net changes in contracts and in the form of percentage changes.

COT Index
- classic oscillator that shows their values range from 0 to 100. Values from 0 to 20 and 80 to 100 are considered extreme and indicate a possible change in trend. For each report type, this indicator is called differently: 'COT Index' for the COT reports. 'D-COT Index' for Dissagregated COT, 'TFF Index' for TFF, 'CIT-Index' for CIT reports.

Willco - Williams Commercial Index
- Williams' commercial index. This indicator was proposed by Larry Williams and is a more advanced modification of the COT Index. It takes into account not only the historical levels of the group's position traders, but also compares them with the general market volume (open interest). Thus, obtained values are more accurate and not subject to the fluctuations inherent in a thin, illiquid market. This indicator is also required on the estimated futures markets, since at the time of expiration, positions are eliminated raising the need for considering the total open interest.

Movement Index
- calculated based on the COT Index or Willco. It is a simple difference between the current value of the COT Index and the same value 6 weeks ago (the default value). It indicates a strong change in the market participants' sentiments often forecasting the market reversals. Extreme values for this indicator are considered to be values greater than 40% by the module, but you can set other threshold levels.
Installing the libraries and indicators
For installation and proper operation of indicators, follow these steps:

Download a special tool to install and update reports ;

With its help, install the reports to your computer. You can find the details on installing and working with the tool (in Russian).

Place all the files attached to this page according to their location.

Compile all indicators by selecting each folder with MetaCOT indicators in MetaEditor and clicking the "Compile" in the context menu:
After compilation, MetaCot 2 indicators appear in MetaTrader. You can run them on the chart. The data is displayed with some delay:
After all the changes, recompile all the indicators again. To do this, repeat the point 5 of the installation procedure. Restart indicators. If done correctly, delays should disappear:
Several indicators in one window
All indicators of MetaCOT series designed in such a way that allows you to combine your data in one window and work with standard indicators. Besides, the following features are available apart from the standard functionality:

Several indicators can be displayed in one subwindow of the main chart;

Data for each indicator can serve as a basis for calculation of other standard indicators.
For example, we will create two COT indices in one window and calculate the moving average for one of them:

Move COT-Index on the chart of gold using Drag-n-Drop. Run it with default parameters:

Move using Drag-n-Drop again, the indicator COT-Index on the chart of gold, in the region of the indicator, which was already built. Before running it, let's replace a group of traders with the net positions of unreported traders (Netto Nonreportable). Set Mirror mode to true. Choose green for the color. After the launch, we should get the following picture:

Now also use Drag-n-Drop to move the standard Moving Average to the first indicator plotting area. Select a dotted line as a plotting style. Select the "First Indicator's Data" as properties in the "Apply to" form. After the launch, the moving average will be calculated on the very COT index and displayed in the indicator window as a red dotted line:
Similarly, you can build other standard indicators using the MetaCOT data.
The RSI built on the net positions of operators of MetaCOT COT Netto Positions:
The Bollinger Bands based on net positions of operators of MetaCOT COT Netto Positions (dotted channel):
Get acquainted with the way of displaying multiple indicators in a single window in the following video:
Exporting CFTC reports to CSV format and Excel
In addition to the indicators, MetaCOT 2 CFTC ToolBox provides the ability to export any data from any report in a text CSV file. This file then can be uploaded to a program for processing statistical information, for example Excel. Saving data to a file is performed by a special script MetaCOT 2 Indicators Save Values In File. It receives the value of one of the 34 MetaCOT indicators, and then saves them in a text file in CSV format. This utility has the following main parameters:

Type of CFTC Indicator
- one of the 34 MetaCOT indicators whose values should be saved;

Period (if used)
- period of the indicator, if the indicator actually uses a period. For indicators which do not use period, for example for a COT Absolute Position, this parameter is ignored;

Movement period (if used)
- this parameter is used by Movement Index indicator, and indicators of changes (Absolute Changes and net Changes), which corresponds to the Difference Between the Two Reports. It shows the number of weeks between the current and the previous report. If the indicators (such as COT Index and Netto Position) do not use this parameter, it is ignored;

Type of Mov.Index (if used)
- type of Movement Index indicator. Only used in the Movement Index indicators.
Let's consider the practical problem: exporting COT-Index in Excel for further analysis:

Run the script Save the File In Indicators Values on the chart of a symbol you need;

Select 'COT Index' in the 'Type of CFTC Indicator' parameter. The parameter 'Period' is left unchanged (equal to 52 weeks);

Click 'OK'. In the working directory (MetaCOT\CsvReport), a new file appears with the report and indicator name:
(The folder location, where you are able to find the required file, corresponds approximately to the following: C:\Users\UserName\AppData\Roaming\MetaQuotes\Terminal\Common\Files\MetaCOT\CsvReport where UserName is your name in Windows OS).
Start Excel. Export a CSV file by selecting the Data tab and clicking the "From text" icon. The export wizard is launched. Choose the previously saved file. Specify a semicolon as a separator of columns.
If done correctly, the values of the 52 week COT Index should appear in the table:
The script saves all groups of participants in the corresponding columns simultaneously. Similarly, you can export to Excel any report CFTC as well as any indicator built on the basis of a report. For example, if you want to analyze the absolute position of the participants of the COT, select the CFTC COT Absolute Position in Type of CFTC Indicator and save the result.
The video below shows an example of data export net positions (Netto Position) members of COT in Excel:
For programmers
All indicators are based on the same algorithm:

Filling a special structure CotBaseSettings for the formation of request data;

Download the underlying report data through the library MetaCOT 2 CFTC ToolBox in the form of two arrays: date - value (datetime, double);

The calculation of the indicator values based on the underlying data. All calculation algorithms are located in MetaCOT 2 CFTC ToolBox.mqh;

Synchronization of calculated values with the current chart and data display on the chart.
Let us consider an example on the basis of MetaCOT 2 COT Index:
Let us examine in detail how the calculation of the COT index is performed. It is calculated in two stages:

The net position of one of the groups of a COT report.

Calculating the COT index based on the received data:
Calculating the COT index is represented by the GetIndexValues function (ToolBox.mqh file):
All other indicators of the MetaCOT2 series work the same way.
Analysis of 'Commitments of Traders' (COT) reports
MetaCOT 2 COT Absolute Position
The indicator of absolute positions shows the dynamics of the open positions or the number of traders in each participant groups of the classic COT report (Commitments of Traders). It includes the following groups:

Cumulative Open Interest of all market participants (Open Interest);

Long position or the number of non-commercial traders (Non-Commercial Long);

Short position or the number of non-commercial traders (Non-Commercial Short);

Position of non-commercial traders or their number, that is covered (Non-Commercial Spread);

Long position or the number of operators (Operators Long);

Short position or the number of operators (Operators Short);

Long position of non-reportable or small traders (Nonreportable Long);

Short position of non-reportable or small traders (Nonreportable Short).
Below are the based indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
Often the extreme values of one of the group members are the harbingers of the global market reversal. This indicator shows these values, indicating the potential reversals in the future. Find out more details on how to use this indicator in the book by Larry Williams: , and also in the article .
Chart of COT report: absolute positions of the participants
MetaCOT 2 COT Absolute Changes
MetaCOT 2 Absolute Changes in Commitments shows the changes in the number of contracts held by the market participants. The information on the market participants and the number of contracts held by them is obtained from the COT reports, published by the CFTC (). The data displayed by the indicator is available in the COT report itself, in the "Changes in Commitments" section:
The COT report: source format of the report
Below are the indicator parameters and their descriptions:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the open interest, long and short side of the non-commercial traders, operators and non-reportable traders;

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
This indicator can be combined with other indicators of the MetaCOT series, also to display several participant groups in one common subwindow of the indicator. This achieves 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 of the MetaCOT series, thereby producing the most accurate and comprehensive analysis of the fundamental picture of the market.
Chart of COT report
: changes in absolute positions
MetaCOT 2 COT Netto Position
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
The indicator of the net positions of the market participants displays the difference between the long and short positions of one of the three trader groups, and also the gross open interest of the entire market and the number of positions that are covered by non-commercial traders. The COT (Commitments of Traders) report of the CFTC commission serves as the data source for this indicator. Below is a complete list of displayed groups:

Cumulative Open Interest of all market participants (Open Interest);

Net position of non-commercial traders (Netto Non-Commercial);

Position of non-commercial traders, that is covered (Non-Commercial Spread);

Net position of operators or commercial traders (Netto Operators Long);

Net position of non-reportable or small traders (Nonreportable Long);
Often the extreme values of the net position of one of the group members are the harbingers of the global market reversal. This indicator shows these values, indicating the potential reversals in the future. Find out more details on how to use this indicator in the book by Larry Williams:, and also in the article.
Below are the indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
Chart of COT report
: net positions of participants
MetaCOT 2 COT Netto Changes
MetaCOT 2 Netto Changes in Commitments shows the changes in the net positions of market participants. The information on the market participants and the number of contracts held by them is obtained from the COT reports, published by the CFTC (). The indicator data is similar to the values given in the "Changes in Commitments" section of the COT report, with the only difference that they are calculated for the net position and not the absolute position of the traders. In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Netto Group of Traders
- Net group of COT report participants. Includes the open interest and the total position of one of three groups (non-commercial traders, operators and non-reportable traders);

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
Chart of COT report
: changes in net position
MetaCOT 2 COT Index
COT Index is the most popular, efficient and the simplest indicator for determining the extreme overbought and oversold points of the market. It is calculated on the basis of data on the net trader positions taken from the COT report (Commitments of Traders) by the Stochastic oscillator formula. The values of the indicator from 0% to 20% and from 80% to 100% point at the moments of the extreme overbought and oversold state market, signaling the frequent reversal of the price after reaching these levels. The calculation is based on net positions of commercial, non-commercial and non-reportable traders, as well as the open interest.
Find out more details on the usage methods of this indicator in the book by Larry Williams:, and also in the article.
Below are the indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the groups listed above;

Period of COT Index
- Period of COT Index calculation. Recommended values: 25, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
Graph of COT Index (52 weekly, Gold)
MetaCOT 2 COT Williams Commercial Index (Willco)
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the groups listed above;

Period of COT Index
- period of COT Index calculation. Recommended values: 25, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
Graph of Willco (52 weekly, Gold)
MetaCOT 2 COT Movement Index
Movement Index was first proposed by Steve Breeze and described in his book "The Commitments of Traders Bible: How To Profit from Insider Market Intelligence". It quickly gained popularity among the traders who analyze the CFTC reports, and became a classic and a unique tool in many aspects, which can be used for finding rapid changes, leading to an imbalance of positions between the market participants.
The indicator displays the change in the relative position of the participants as a histogram, expressed as a percentage. It ranges from -100% to + 100% and is calculated based on the data of the or indicator. The reverse signals appear when the absolute values of the indicator exceed the threshold, set to 40% by default.
While other indicators of the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, i.e. it displays the rapid change in the positions of the market participants. Thus, the indicator becomes indispensable for analysis in conjunction with other indicators of the MetaCOT series. In addition, the Movement Index is not available on other programs which provide access to the CFTC reports. Thus, the MetaTrader platform and the MetaCOT set are the uncontested solution for the comprehensive analysis of the CFTC reports.
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the main indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the groups listed above;

Calculation On Data
- Allows to select one of two indicators as the data for calculation: COT Index (classic option) or Willco Index (advanced option);

Period of COT Index
- Period of COT Index calculation, the indicator used for the calculation of the Movement Index. Recommended values: 25, 52 and 156 weeks;

Movement Period
- the difference between the current COT Index value and the value N periods back.
More details on the description of the indicator settings can be found in the blog "".
Graph of Movement Index (52 weekly, Gold) Analysis of 'Disaggregated COT' (D-COT) reports
MetaCOT 2 D-COT Absolute Position
The absolute position indicator shows the dynamics of the open positions or the number of traders of each group of participants in the Disaggregated COT report. It includes the following groups:

The total open interest of all market participants (Open Interest);

Long position of the producers (Producer/Merchart/Processor/User Long);

Short position of the producers (Producer/Merchart/Processor/User Short);

The total long position of swap dealers (Swap Dealers Long);

The total short position of swap dealers (Swap Dealers Short);

The total position of swap dealers in the spreading (Swap Dealers Spreading);

The total long position of money managers (Managed Money Long);

The total short position of money managers (Managed Money Short);

Total position money managers in the spreading (Managed Money Spreading);

The total long position other reportable traders (Other Reportable Long);

The total short position other reportable traders (Other Reportable Short);

The total position other reportable traders in the spreading (Other Reportable Spreading);

The total long position of unaccountable traders (Nonreportable Positions Long);

The total short position of unaccountable traders (Nonreportable Positions Short);
Below are the main indicator parameters and their description:

Source of Report
- D-COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of D-COT report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
Often the extreme values of one of the group members are the harbingers of the global market reversal:
The Disaggregated COT report, the chart of the absolute positions of the participants
MetaCOT 2 D-COT Absolute Changes
MetaCOT 2 D-COT Absolute Changes shows the changes in the number of contracts held by the market participants. The information on the market participants and the number of contracts held by them is obtained from the D-COT reports, published by the CFTC (). The data displayed by the indicator is available in the D-COT report itself, in the "Changes in Commitments" section:
The Disaggregated COT report, the original report format
In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- D-COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Netto Group of Traders
- Net group of D-COT report participants. Includes the open interest and the total position of one of three groups (non-commercial traders, operators and non-reportable traders);

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
The Disaggregated COT report: change in the absolute position
MetaCOT 2 D-COT Netto Position
MetaCOT 2 D-COT Netto Position analyzes reports Disaggregated Commitments of Traders (D-COT) and is analogous to the classical indicator of the Netto Position calculated for the COT reports.
D-COT Netto Position - The indicator of the net positions of the market participants displays the difference between the long and short positions of one of the three trader groups, and also the gross open interest of the entire market.
Below are the indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of COT report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
The Disaggregated COT report, the chart of net position of participants
MetaCOT 2 D-COT Netto Changes
MetaCOT 2 D-COT Netto Changes shows the changes in the net positions of market participants. The information on the market participants and the number of contracts held by them is obtained from the D-COT reports, published by the CFTC (). The indicator data is similar to the values given in the "Changes in Commitments" section of the D-COT report, with the only difference that they are calculated for the net position and not the absolute position of the traders. In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- D-COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Netto Group of Traders
- Net group of D-COT report participants. Includes the open interest and the total position of one of three groups (non-commercial traders, operators and non-reportable traders);

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
The Disaggregated COT report, the chart of changes in the net positions of the participants
MetaCOT 2 D-COT Index
MetaCOT 2 is a set of indicators and specialized utilities, that allows to analyze the CFTC () reports right in the MetaTrader terminal. This indicator analyzes the Disaggregated Commitments of Traders (D-COT) reports and is analogous to the classic indicator, calculated for the COT reports.
D-COT Index is the most popular, efficient and simple indicator for determining the extreme overbought and oversold points of the market. It is calculated based on the data on the net positions of traders from the D-COT (Disaggregated Commitments of Traders) report according to the formula of the Stochastic oscillator. The values of the indicator from 0% to 20% and from 80% to 100% point at the moments of the extreme overbought and oversold state market, signaling the frequent reversal of the price after reaching these levels.
Find out more details on the calculation method of this indicator in the book by Larry Williams: .
Below are the main indicator parameters and their description:

Source of Report
- D-COT report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- group of D-COT report participants;

Period of COT Index
- period of COT Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
This indicator is designed for analyzing commodity markets (metals, oil and gas, food, raw materials). Use the TFF series indicators for analyzing the financial markets (currencies, indices, bonds), particularly the .
Chart of Disaggregated COT Index (
52 weekly
, Gold)
MetaCOT 2 D-COT Williams Commercial Index (Willco)
MetaCOT 2 is a set of indicators and specialized utilities, that allows to analyze the CFTC () reports right in the MetaTrader terminal. This indicator analyzes the Disaggregated Commitments of Traders (D-COT) reports and is analogous to the classic indicator, calculated for the COT reports.
Find out more details on the calculation method of this indicator in the book by Larry Williams: .
Below are the main indicator parameters and their description:

Source of Report
- D-COT report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- group of D-COT report participants;

Period of Willco Index
- period of Willco Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
This indicator is designed for analyzing commodity markets (metals, oil and gas, food, raw materials). Use the TFF series indicators for analyzing the financial markets (currencies, indices, bonds), particularly the .
Chart of Disaggregated Willco (
52 weekly
, Silver)
MetaCOT 2 D-COT Movement Index
Movement Index was first proposed by Steve Breeze and described in his book "The Commitments of Traders Bible: How To Profit from Insider Market Intelligence". It quickly gained popularity among the traders who analyze the CFTC reports, and became a classic and a unique tool in many aspects, which can be used for finding rapid changes, leading to an imbalance of positions between the market participants.
The indicator displays the change in the relative position of the participants as a histogram, expressed as a percentage. It ranges from -100% to + 100% and is calculated based on the data of the D-COT Index or D-COT Willco Index indicator. The reverse signals appear when the absolute values of the indicator exceed the threshold, set to 40% by default.
While other indicators of the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, i.e. it displays the rapid change in the positions of the market participants. Thus, the indicator becomes indispensable for analysis in conjunction with other indicators of the MetaCOT series. In addition, the Movement Index is not available on other programs which provide access to the CFTC reports. Thus, the MetaTrader platform and the MetaCOT set are the uncontested solution for the comprehensive analysis of the CFTC reports.
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the main indicator parameters and their description:

Source of Report
- D-COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of D-COT report participants. Includes the groups listed above;

Calculation On Data
- Allows to select one of two indicators as the data for calculation: D-COT Index (classic option) or Willco Index (advanced option);

Period of COT Index
- Period of D-COT Index calculation, the indicator used for the calculation of the Movement Index. Recommended values: 25, 52 and 156 weeks;

Movement Period
- the difference between the current D-COT Index value and the value N periods back.
More details on the description of the indicator settings can be found in the blog "".
Chart of Disaggregated Movement Index (
52 weekly
, Gold) Analysis of 'Traders in Financial Futures' (TFF) reports
MetaCOT 2 TFF Absolute Position
The absolute position indicator shows the dynamics of the open positions or the number of traders of each group of participants report Traders in Financial Futures. It includes the following groups:

The total open interest of all market participants (Open Interest);

Long positions intermediaries, organizers of trades (Dealer/Intermediary Long);

Short positions intermediaries, organizers of trades (Dealer/Intermediary Short);

The position of the intermediaries, organizers in spreading (Dealer/Intermediary Spreading);

Long positions of asset managers (Asset Manager Long);

Short positions of asset managers (Asset Manager Long);

The position of asset managers in the spreading (Spreading Asset Manager);

The long position the leverage funds (Leverage Funds Long);

The short position the leverage funds (Leverage Funds Short);

The spreading position the leverage funds (Leverage Funds Spreading);

The long position of other reportable traders (Other Reportable Long);

The short position of other reportable traders (Other Reportable Short);

The spreading position of other reportable traders (Other Reportable Spreading);

Long positions nonreportable trades (Nonreportable Position Long);

Short positions nonreportable trades (Nonreportable Position Long);
Below are the main indicator parameters and their description:

Source of Report
- TFF report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of TFF report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
The TFF report, the graph of the absolute positions of the dealers, the Russian ruble
MetaCOT 2 TFF Absolute Changes
MetaCOT 2 TFF Absolute Changes shows the changes in the number of contracts held by the market participants. The information on the market participants and the number of contracts held by them is obtained from the TFF report, published by the CFTC (). The data displayed by the indicator is available in the TFF report itself, in the "Changes in Commitments" section:
The source report TFF
In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- TFF report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Absolute group of TFF report participants.

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
The TFF report, the dynamics of changes in the absolute positions of the dealers, the Russian ruble
MetaCOT 2 TFF Netto Position
This indicator analyzes the Traders in Financial Futures (TFF) reports and is analogous to the classic indicator, calculated for the COT reports.
TFF Netto Position is the indicator of net positions of market participants. It displays the difference between the long and short positions of one of traders groups, as well as the total open interest of the entire market. The indicator allows to analyze the dynamics of supply and demand in the major financial markets. The uptrends must be confirmed by increasing demand for the goods, while the decline in prices must be confirmed by a decline in demand. The discrepancies in these figures give an important signal about the potential market reversal.
Find out more details on the calculation method of this indicator in the book by Larry Williams: .
Below are the main indicator parameters and their description:

Source of Report
- TFF report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- group of TFF report participants.
This indicator is designed for analyzing financial markets (currencies, indices, bonds). Use the D-COT series indicators for analyzing the commodity markets (metals, oil and gas, food, raw materials), particularly the D-COT Netto Position.
The TFF report, chart of net positions of participants
MetaCOT 2 TFF Netto Changes
MetaCOT 2 Netto Changes in Commitments shows the changes in the net positions of market participants. The information on the market participants and the number of contracts held by them is obtained from the COT reports, published by the CFTC (). The indicator data is similar to the values given in the "Changes in Commitments" section of the COT report, with the only difference that they are calculated for the net position and not the absolute position of the traders. In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- TFF report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Netto Group of Traders
- Net group of TFF report participants.

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
The TFF report, the dynamics of changes in the net positions of the participants
MetaCOT 2 TFF Index
MetaCOT 2 is a set of indicators and specialized utilities, that allows to analyze the CFTC () reports right in the MetaTrader terminal. This indicator analyzes the Traders in Financial Futures (TFF) reports and is analogous to the classic indicator, calculated for the COT reports.
TFF Index is the most popular, efficient and simple indicator for determining the extreme overbought and oversold points of the market. It is calculated based on the data on the net positions of traders from the TFF (Traders in Financial Futures) report according to the formula of the Stochastic oscillator. The values of the indicator from 0% to 20% and from 80% to 100% point at the moments of the extreme overbought and oversold state market, signaling the probable reversal of the price after reaching these levels.
Find out more details on the calculation method of this indicator in the book by Larry Williams: .
Below are the main indicator parameters and their description:

Source of Report
- TFF report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- group of TFF report participants;

Period of COT Index
- period of COT Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
This indicator is designed for analyzing financial markets (currencies, indices, bonds). Use the D-COT series indicators for analyzing the commodity markets (metals, oil and gas, food, raw materials), particularly the D-COT Index.
Chart of TFF index (
52 weekly
, British pound)
MetaCOT 2 TFF Williams Commercial Index (Willco)
MetaCOT 2 is a set of indicators and specialized utilities, that allows to analyze the CFTC () reports right in the MetaTrader terminal. This indicator analyzes the Traders in Financial Futures (TFF) reports and is analogous to the classic indicator, calculated for the COT reports.
Find out more details on the calculation method of this indicator in the book by Larry Williams: .
Below are the main indicator parameters and their description:

Source of Report
- TFF report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- group of TFF report participants;

Period of Willco Index
- period of Willco Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
This indicator is designed for analyzing financial markets (currencies, indices, bonds). Use the D-COT series indicators for analyzing the commodity markets (metals, oil and gas, food, raw materials), particularly the Williams Commercial Index D-COT.
Chart of TFF Willco (
52 weekly
, Russian ruble)
MetaCOT 2 TFF Movement Index
MetaCOT 2 is a set of indicators and specialized utilities, that allows to analyze the CFTC () reports right in the MetaTrader terminal. This indicator analyzes the Traders in Financial Futures (TFF) reports and is analogous to the classic , calculated for the COT reports.
Movement Index was first proposed by Steve Breeze and described in his book "The Commitments of Traders Bible: How To Profit from Insider Market Intelligence". It quickly gained popularity among the traders who analyze the CFTC reports, and became a classic and a unique tool in many aspects, which can be used for finding rapid changes, leading to an imbalance of positions between the market participants. The indicator is best suited to swing trading.
The indicator displays the change in the relative position of the participants as a histogram, expressed as a percentage. It ranges from -100% to + 100% and is calculated based on the data of the TFF Index or Willco Index indicator. The reverse signals appear when the absolute values of the indicator exceed the threshold, set to 40% by default.
While other indicators of the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, i.e. it displays the rapid change in the positions of the market participants. Thus, the indicator becomes indispensable for analysis in conjunction with other indicators of the MetaCOT series. In addition, the Movement Index is not available on other programs which provide access to the CFTC reports.
Find out more details on the calculation method of this indicator in the article: .
Below are the main indicator parameters and their description:

Source of Report
- TFF report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- group of TFF report participants;

Period
- period to calculate the COT or Willco index. Recommended values: 26, 52 and 156 weeks;

Movement Period
- Period between two points of the index. The default is 6 weeks;

Movement Type
- Type of index calculation. The indicator can be calculated based on the classic TFF index, as well as the Willco;

Critical Value
- Critical value, when exceeded, the indicator generates alerts about the probable change in the trend.
More details on the description of the indicator settings can be found in the blog "".
This indicator is designed for analyzing commodity markets (metals, oil and gas, food, raw materials). Use the TFF series indicators for analyzing the financial markets (currencies, indices, bonds), particularly the .
Chart of TFF Movement Index (
52 weekly
, British pound) Analysis of 'Largest Traders' section in COT reports
MetaCOT 2 L-COT Absolute Position
The indicator shows the positions of major market participants relative to the total number of open positions (open interest). In the COT report, the major participants are as follows:

By greatest absolute position (By Gross Position). It is divided into two subgroups:

The absolute positions of the four largest traders (4 or Less Traders);

The absolute positions of the eight largest traders (8 or Less Traders);
By the maximum net positions (By Net Position). In turn, it is also divided into two subgroups:

The net position of the four largest traders (4 or Less Traders);

The net positions of the eight largest traders (8 or Less Traders);

Therefore, the available 4 groups for analysis: 4, 8 largest traders to the absolute positions and the 4 and 8 largest traders to net positions. Data for this indicator directly available in the COT report:
The following are the key parameters and their meaning:

Source of Report
- L-COT report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- Group of L-COT report participants;
More details on the description of the indicator settings can be found in the blog "".
The COT report: chart of largest participants
MetaCOT 2 L-COT Absolute Changes
MetaCOT 2 L-COT Absolute Changes shows the changes in the number of contracts held by the largest market participants.
In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- COT report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- Group of largest report participants. Includes the groups listed above;

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
The COT report: dynamic of changes positions of largest participants
MetaCOT 2 L-COT Netto Position
The indicator of the net positions of the market largest participants displays the difference between the long and short positions of one of the three trader groupsBelow is a complete list of displayed groups:

The absolute netto positions of the four largest traders (4 or Less Traders);

The absolute netto positions of the eight largest traders (8 or Less Traders);

The netto net position of the four largest traders (4 or Less Traders);

The netto net positions of the eight largest traders (8 or Less Traders);
Often the extreme values of the net position of one of the largest group members are the harbingers of the global market reversal. Below are the indicator parameters and their descriptions:

Source of Report
- COT report type. There are two types of report: Futures Only and Futures And Options;

Group of Traders
- Group of largest report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
The COT report: chart of netto position of largest participants
MetaCOT 2 L-COT Netto Changes
MetaCOT 2 L-COT Netto Changes shows the changes in net positions of large market participants. This indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Source of Report
- COT report type. There are two types of report: Futures Only and Futures And Options;

Netto Group of Traders
- Group of largest report participants. Includes the groups listed above;

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
The COT report: dynamic of changes netto position of largest participants
MetaCOT 2 L-COT Index
L-COT index is the classic COT Index calculated on data from major market participants. Because these data are relative, and show the percentage of contracts held by major participants relative to the total open interest, L-COT Index corresponds exactly to the indicator L-COT Willco. Therefore, L-COT Index does not exist as a separate indicator.
MetaCOT 2 L-COT Williams Commercial Index (Willco)
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of largest participants. Includes the groups listed above;

Period of COT Index
- period of COT Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
Chart of Willco on largest
participants (
52 weekly,
Silver)
MetaCOT 2 L-COT Movement Index
Movement Index was first proposed by Steve Breeze and described in his book "The Commitments of Traders Bible: How To Profit from Insider Market Intelligence". It quickly gained popularity among the traders who analyze the CFTC reports, and became a classic and a unique tool in many aspects, which can be used for finding rapid changes, leading to an imbalance of positions between the market participants.
The indicator displays the change in the relative position of the participants as a histogram, expressed as a percentage. It ranges from -100% to + 100% and is calculated based on the data of the L-COT Index or indicator. The reverse signals appear when the absolute values of the indicator exceed the threshold, set to 40% by default.
While other indicators of the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, i.e. it displays the rapid change in the positions of the market participants. Thus, the indicator becomes indispensable for analysis in conjunction with other indicators of the MetaCOT series. In addition, the Movement Index is not available on other programs which provide access to the CFTC reports. Thus, the MetaTrader platform and the MetaCOT set are the uncontested solution for the comprehensive analysis of the CFTC reports.
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the main indicator parameters and their description:

Source of Report
- COT report type. There are two types of report: 'Futures Only' and 'Futures And Options';

Group of Traders
- Group of largest participants. Includes the groups listed above;

Calculation On Data
- Allows to select one of two indicators as the data for calculation: COT Index (classic option) or Willco Index (advanced option);

Period of COT Index
- Period of COT Index calculation, the indicator used for the calculation of the Movement Index. Recommended values: 26, 52 and 156 weeks;

Movement Period
- the difference between the current COT Index value and the value N periods back.
More details on the description of the indicator settings can be found in the blog "".
Chart of Movement Index on largest
participants (
52 weekly
, Silver)Analysis of 'Commodity Index Trader Supplement' (CIT) reports
MetaCOT 2 CIT Absolute Position
The absolute position indicator shows the dynamics of the open positions or the number of traders of each group of participants in the CIT report. It includes the following groups:

Cumulative Open Interest of all market participants (Open Interest);

Long position or the number of non-commercial traders (Non-Commercial Long);

Short position or the number of non-commercial traders (Non-Commercial Short);

Position of non-commercial traders or their number, that is covered (Non-Commercial Spread);

Long position or the number of operators (Operators Long);

Short position or the number of operators (Operators Short);

Long position of non-reportable or small traders (Nonreportable Long);

Short position of non-reportable or small traders (Nonreportable Short).

Long position of index traders (CIT Long All);

Short position of index traders (CIT Short All).
The indicator has one main parameter:

Group of Traders
- group participants report CIT. Includes groups listed above;
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT report: the positions of index traders
MetaCOT 2 CIT Absolute Changes
MetaCOT 2 Absolute Changes in Commitments shows the changes in the number of contracts held by the market participants. The information on the market participants and the number of contracts held by them is obtained from the CIT reports, published by the CFTC ().

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Group of Traders
- Group of CIT report participants. Includes the open interest, long and short side of the non-commercial traders, operators and non-reportable traders;

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT report: changes in the positions of index traders
MetaCOT 2 CIT Netto Position
The indicator of the net positions of the market participants displays the difference between the long and short positions of one of the three trader groups, and also the gross open interest of the entire market and the number of positions that are covered by non-commercial traders. The COT (Commitments of Traders) report of the CFTC commission serves as the data source for this indicator. Below is a complete list of displayed groups:

Cumulative Open Interest of all market participants (Open Interest);

Net position of non-commercial traders (Netto Non-Commercial);

Position of non-commercial traders, that is covered (Non-Commercial Spread);

Net position of operators or commercial traders (Netto Operators Long);

Net position of non-reportable or small traders (Nonreportable Long);

Net position of index traders (Netto CIT);
Often the extreme values of the net position of one of the group members are the harbingers of the global market reversal. This indicator shows these values, indicating the potential reversals in the future.
The indicator has one main parameter:

Group of Traders
- Group of COT report participants. Includes the groups listed above;
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT report: schedule of net position of index traders
MetaCOT 2 CIT Netto Changes
MetaCOT 2 Netto Changes in Commitments shows the changes in the net positions of market participants. The information on the market participants and the number of contracts held by them is obtained from the CIT reports, published by the CFTC (). The indicator data is similar to the values given in the "Changes in Commitments" section of the CIT report, with the only difference that they are calculated for the net position and not the absolute position of the traders. In addition, the presented indicator has additional features:

The changes in the number of contracts can be viewed not only compared to the previous week's publication, but also to any other previous date of the report (set by the 'Difference Between Two Reports' parameter);

The changes can be displayed not only as the absolute change in the contracts, but also as their percentages (set by the 'Type Values' parameter).
Below are the indicator parameters and their descriptions:

Netto Group of Traders
- Net group of CIT report participants.

Difference Between Two Reports
- The default value of 1 means that it will calculate the difference between the current and the value one week ago. The value of 2 means the difference between the current value and the value two weeks ago, etc.

Type Values
- The 'Absolute Values' means the display of the absolute changes in the number of contracts. The 'Percent Values' displays this change as a percentage of the previous value.
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT report: changes in net positions of index traders
MetaCOT 2 CIT Index
CIT Index is analog COT Index. It is the most popular, efficient and the simplest indicator for determining the extreme overbought and oversold points of the market. It is calculated on the basis of data on the net trader positions taken from the CIT report by the Stochastic oscillator formula. The values of the indicator from 0% to 20% and from 80% to 100% point at the moments of the extreme overbought and oversold state market, signaling the frequent reversal of the price after reaching these levels. The calculation is based on net positions of commercial, non-commercial and non-reportable traders, as well as the open interest.
Find out more details on the usage methods of this indicator in the book by Larry Williams:, and also in the article.
Below are the indicator parameters and their description:

Group of Traders
- Group of COT report participants. Includes the groups listed above;

Period of COT Index
- Period of COT Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT Index (
52 weekly
, Sugar)
MetaCOT 2 CIT Williams Commercial Index (Willco)
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the indicator parameters and their description:

Group of Traders
- Group of CIT report participants. Includes the groups listed above;

Period of COT Index
- period of COT Index calculation. Recommended values: 26, 52 and 156 weeks;
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT Willco (
52-weekly
, Wheat)
MetaCOT 2 CIT Movement Index
Movement Index was first proposed by Steve Breeze and described in his book "The Commitments of Traders Bible: How To Profit from Insider Market Intelligence". It quickly gained popularity among the traders who analyze the CFTC reports, and became a classic and a unique tool in many aspects, which can be used for finding rapid changes, leading to an imbalance of positions between the market participants.
The indicator displays the change in the relative position of the participants as a histogram, expressed as a percentage. It ranges from -100% to + 100% and is calculated based on the data of the CIT Index or Willco Index indicator. The reverse signals appear when the absolute values of the indicator exceed the threshold, set to 40% by default.
While other indicators of the MetaCOT series are trend indicators, the Movement Index is a momentum indicator, i.e. it displays the rapid change in the positions of the market participants. Thus, the indicator becomes indispensable for analysis in conjunction with other indicators of the MetaCOT series. In addition, the Movement Index is not available on other programs which provide access to the CFTC reports. Thus, the MetaTrader platform and the MetaCOT set are the uncontested solution for the comprehensive analysis of the CFTC reports.
Find out more details on the usage methods of this indicator in the book by Larry Williams: , and also in the article .
Below are the main indicator parameters and their description:

Group of Traders
- Group of CIT report participants. Includes the groups listed above;

Calculation On Data
- Allows to select one of two indicators as the data for calculation: COT Index (classic option) or Willco Index (advanced option);

Period of COT Index
- Period of COT Index calculation, the indicator used for the calculation of the Movement Index. Recommended values: 25, 52 and 156 weeks;

Movement Period
- the difference between the current CIT Index value and the value N periods back.
More details on the description of the indicator settings can be found in the blog "".
Chart of CIT Movement Index (
52-weekly, Wheat
)