Friday, March 28, 2014

CFTC COT Report Indicator

CFTC COT Report Indicator


Description:
This Indicator draw the COT report Net Positions (Long contracts-Short contracts) for a specified currency in the weekly time frame, By default Non Commercials in red, Commercials in blue and Non Reportable in green. You should feed this indicator with data from COTDATA.txt file placed in \MQL4\Files  subdirectory of the MT4 installation directory. Please check this blog for the latest data file every Friday night.

COT report is very useful for medium/long term Forex traders, Help to detect overbought and oversold currencies contracts in the future market and predict reversals, if you don't know how to use it please check this link: http://www.informedtrades.com/blogs/tekmnd/87-how-use-cot-report.html

This indicator should be used in the weekly chart.

Download:
Indicator: http://www.mediafire.com/download/lw89dds35rth5wp/Forex_Simple_And_Easy_COTNetPositions.zip
Last Data file 01/04/2014:  http://www.mediafire.com/download/c87qs2cc1t3a3sz/COTDATA.zip