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MetaCOT 2 Netto Position DCOT MT4

MetaCOT 2 is a set of indicators and specialized utilities, that allows to analyze the CFTC (U.S. Commodity futures trading commission) reports right in the MetaTrader terminal. This indicator analyzes the Disaggregated Commitments of Traders (D-COT) reports and is analogous to the classic Netto Position indicator, calculated for the COT reports.

D-COT 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 commodity 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: Trade Stocks and Commodities with the Insiders: Secrets of the COT Report".

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.

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 TFF Netto Position.

The indicator operation requires the CFTC reports to be downloaded and installed on your computer, which can be done with a special report installation utility MetaCOT 2 Install CFTC Reports MT4.
More details on the description of the indicator settings can be found in the blog "MetaCOT 2: Settings and Possibility".

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Version 2.12 - 2017.04.07
Version 2.11
- Fixed the error that caused the data to be redownloaded, even if the data have been downloaded earlier. This error caused a significant slowdown of the indicator operation in the strategy tester and loaded the computer hard drive.
- Now, all indicators are compiled from the source codes of MetaCOT ToolBox. A common code base prevents errors in individual indicators and further synchronizes the code management.