IndicatorsIndicator

COT Monitor

COT Monitor — BuildLab indicator (illustrative)
Positioning & Open Interest

Follow the “smart money” footprint behind the contract.

Plots Commitment of Traders positioning for the charted futures product using TradingView’s public CFTC data — the selected group’s longs, shorts, and net position. Auto-detects the COT code from the chart symbol.

Best for: Outright futures (ES, NQ, CL, GC, ZB, 6E, etc.); swing and positional context.

TradingView · Pine Script v5Plots in: Separate pane
FREE · FULL SOURCE
Download the indicator
TradingView (.pine)
Tradovate version — coming soon

Open it, read it, edit it — it’s yours. © BuildLab Consulting.

How to use it

Read the hedgers

Commercials are the informed hedgers — extreme net-long readings often mark value/bottoms; extreme net-short, tops.

Watch the specs

Noncommercial (large specs) are trend-followers; crowded extremes can precede reversals when positioning unwinds.

Confirm, don’t time

COT updates weekly — use it for positional bias and context, paired with your intraday levels for timing.

Settings

  • Trader group
    Commercial (hedgers), Noncommercial (large speculators), or Nonreportable (small traders).

Install

TradingView: open the Pine Editor, paste the .pine source, click Save, then “Add to chart.”

Note: Weekly CFTC data (delayed). Requires a futures product with COT coverage; built on Pine v5 to match TradingView’s COT data library.

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