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1/n
Let's start with the definition of COT High/Low and how it is used in Daytrading with Orderflow
COT is the abbreviation for Commitment Of Traders. There are two COTs:
COT High
COT Low
🧵 #daytading #gocharting #orderflow
Let's start with the definition of COT High/Low and how it is used in Daytrading with Orderflow
COT is the abbreviation for Commitment Of Traders. There are two COTs:
COT High
COT Low
🧵 #daytading #gocharting #orderflow
2/n
COT High is cumulative bid/ask Delta starting from the moment when the price makes new high or repeats previous one.
COT Low is cumulative bid/ask Delta starting from the moment when the price makes new low or repeats previous one.
COT High is cumulative bid/ask Delta starting from the moment when the price makes new high or repeats previous one.
COT Low is cumulative bid/ask Delta starting from the moment when the price makes new low or repeats previous one.
COT helps to see buy/sell balance after new price level has been reached. In other words, it helps us identify TRAPPED buyers and sellers in the market
