COT Net Positions OTC

COT Net Positions Indicator Description
This is a TradingView Pine Script indicator that displays Commitment of Traders (COT) data for any trading instrument.

What it does:
Fetches COT Data - Uses the TradingView COT library to retrieve official CFTC (Commodity Futures Trading Commission) data for the current symbol

Calculates Net Positions for three trader categories:

Commercial (Blue) - Large hedging institutions; represents institutional long/short positioning
Non-Commercial (Yellow) - Large speculators and hedge funds; often considered "smart money"
Retail (Red) - Small individual traders; often considered contrarian indicators
Net Position Calculation - For each category:

Takes Long Positions minus Short Positions
Plots the result on a separate panel below the price chart
Special Symbol Handling - Includes custom mappings for specific commodities:

Copper (HG) → CFTC code 085692
Brazilian Real (LBR) → CFTC code 058644
Use Cases:
Market Bias Detection - See if institutions are mostly long or short
Contrarian Trading - When retail traders are extremely positioned one way, often the market reverses
Trend Confirmation - Non-commercial positioning often aligns with established trends
Support/Resistance - Extreme COT positions can signal market turning points