COT is the abbreviation for Commitment Of Traders. There are two COTs: COT High and COT Low.
COT High is cumulative bid/ask Delta starting from the moment when the price makes new high or repeats previous one. It's usually negative.
COT Low is cumulative bid/ask Delta starting from the moment when the price makes new low or repeats previous one. It's usually positive.
COT helps to see buy/sell balance after new price level has been reached.
Comments
1 comment
Dear Volfix Team,
Thank you for your information.
Where is this COT High / Low used? Maybe you can describe a bit more.
Is it also useful into Cluster Profile?
Looking forward to your answer.
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