OPEN-SOURCE SCRIPT
Updated Commercial Movement Index-Buschi
English
Inspired by the book "The Commitments of Traders Bible" by Stephen Briese, this indicator is a follow-up of my already published "Commercial Index-Buschi".
Here, the Commercial Index isn't shown in values from 0 to 100, but in how far the value changed from a given timeframe (default Movement Reference: 6 weeks). Therefore it ranges from 100 (bullish move from the Commercials during the last weeks) to -100 (bearish move).
Deutsch
Inspiriert durch das Buch "The Commitments of Traders Bible" by Stephen Briese, ist dieser Indikator eine Weiterentwicklung meines bereits veröffentlichten Skriptes "Commercial Index-Buschi".
Hier wird der Commercial Index nicht in Werten von 0 bis 100 angezeigt, sondern in wieweit er sich innerhalb eines vorgegebenen Zeitfensters (Standard: Movement Reference: 6 Wochen) verändert hat. Daher schwankt er zwischen 100 (bullishe Bewegung der Commercials innerhalb der letzten Wochen) und -100 (bearishe Bewegung).
Inspired by the book "The Commitments of Traders Bible" by Stephen Briese, this indicator is a follow-up of my already published "Commercial Index-Buschi".
Here, the Commercial Index isn't shown in values from 0 to 100, but in how far the value changed from a given timeframe (default Movement Reference: 6 weeks). Therefore it ranges from 100 (bullish move from the Commercials during the last weeks) to -100 (bearish move).
Deutsch
Inspiriert durch das Buch "The Commitments of Traders Bible" by Stephen Briese, ist dieser Indikator eine Weiterentwicklung meines bereits veröffentlichten Skriptes "Commercial Index-Buschi".
Hier wird der Commercial Index nicht in Werten von 0 bis 100 angezeigt, sondern in wieweit er sich innerhalb eines vorgegebenen Zeitfensters (Standard: Movement Reference: 6 Wochen) verändert hat. Daher schwankt er zwischen 100 (bullishe Bewegung der Commercials innerhalb der letzten Wochen) und -100 (bearishe Bewegung).
Release Notes
EnglishDue to changes how TradingView handles the CoT data, I had to change the script. It should display the newest data now.
Deutsch
Aufgrund von Änderungen wie TradingView mit den CoT-Daten umgeht, musste ich das Skript ändern. Es sollte jetzt die aktuellen Daten anzeigen.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.