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Orderflow COT (commitment of traders) CR(Contract Reversal)


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Orderflow COT (commitment of traders) CR(Contract Reversal)

  #1 (permalink)
DebayanSen
Kolkata India
 
Posts: 29 since Apr 2019
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Hi !

Could someone please explain to me exactly how the red COT oat high of the bar and green COT at low of the bar is calculated? Also what is CR ie contract reversal ?

I didn't find my answer in other threads that's why I am posing . Also its kind of confusing there .

Thank you !

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  #3 (permalink)
Wernersabel
Lisbon, Portugal
 
Posts: 35 since Jun 2017
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DebayanSen View Post
Hi !

Could someone please explain to me exactly how the red COT oat high of the bar and green COT at low of the bar is calculated? Also what is CR ie contract reversal ?

I didn't find my answer in other threads that's why I am posing . Also its kind of confusing there .

Thank you !

Hi DebayanSen,

COT is like the VPOC of a specific bar or in other words for a specific timeframe, it simply shows you the price level where the most volume was traded. I do only have one COT in my bars, so it must be somthing in your settings. Probably the bid and ask volume is devided and it shows you a COT for both volumes seperatly. If you do not have a specific use for that I would recommend changing that to total volume, then it should show only one - less confusing.

Potential use of COT:
If COT gets "trapped" (price moves around COT or a even better a COT cluster) at one of you homework levels or in other words at support or resistance you have a potential trapped party that needs to cover - that can lead to a bigger price move. I see COT clusters or naked COT's (untested COT) as risk.

All I am trying to say is it does not tell you a lot unless you put it into context with price action and may be other stuff too.

Hope it helped. Cheers,
Wernersabel

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  #4 (permalink)
 tr8er 
Europe
Market Wizard
 
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The COT-report comes out each Friday of a week and is delayed data of the Tuesday of this week. I don't know how someone can post/plot COT-data in real-time. IMHO COT-data in real-time is pure Nonsens.

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  #5 (permalink)
Wernersabel
Lisbon, Portugal
 
Posts: 35 since Jun 2017
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tr8er View Post
The COT-report comes out each Friday of a week and is delayed data of the Tuesday of this week. I don't know how someone can post/plot COT-data in real-time. IMHO COT-data in real-time is pure Nonsens.

I have heard of that report though but do not use it. In fact I do not exactly know what this report is about.

The COT this thread is about is the COT we use in orderflow or tape reading - check out the posted charts. If you use orderflow software it shows you the COT for every timeframe (in every candle) you like. You can do the same with TPO charts though, there it would be illustrated as the VPOC.

Check it out.

And like I said it is all about what you do with the data given to you.

Cheers,
Wernersabel

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  #6 (permalink)
 Jaap8242 
Netherlands Amsterdam
 
Experience: Advanced
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In this thread, Silvester17 explains the COT.

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  #7 (permalink)
DebayanSen
Kolkata India
 
Posts: 29 since Apr 2019
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Jaap8242 View Post
In this thread, Silvester17 explains the COT.

Hi ! Thanks for the response everyone .

However , My charts never show a negative COT . That's what confuses me . Also there is CR ie contract reversal . I don't know what it is either. maybe it has got something to do with negative cot ? Just confused .

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  #8 (permalink)
Wernersabel
Lisbon, Portugal
 
Posts: 35 since Jun 2017
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DebayanSen View Post
Hi ! Thanks for the response everyone .

However , My charts never show a negative COT . That's what confuses me . Also there is CR ie contract reversal . I don't know what it is either. maybe it has got something to do with negative cot ? Just confused .

Looks like I was mistaken, sorry about that. I used to work with a different software where it was approached as I described. In sierrachart it is indeed called VPOC, was not even aware of that. I now see the point of tr8er.

However, if you do not find it useful then I would recommend removing, or hiding it. I think it is important to remove all the "clutter" and just have the things or numbers displayed that are important to you. Everybody works differently just figure out what you are comfortable with.

hope it helps,
Wernersabel

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  #9 (permalink)
rgrahul08
Bengaluru
 
Posts: 1 since Aug 2019
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Hi Debayan,

Were you able to figure out what is COT and CR and how it is calculated?

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  #10 (permalink)
DebayanSen
Kolkata India
 
Posts: 29 since Apr 2019
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rgrahul08 View Post
Hi Debayan,

Were you able to figure out what is COT and CR and how it is calculated?

Hi ! Yes I did . COT definition is out there which you will find . CR had something to do with max n min delta which I don't use so don't remember . Sorry .

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