COTLevel

From English Manual

   

Introduction

The COTLevel is a gradient indicator of strength of orders by price levels or ticks. This indicator is able to show, the micro-structure of the “Level Curves” or density of orders by ticks according to a filter configurable by the trader. It can help you detect a trend reversal giving you yet another signal. It can also show you the volume of orders trapped in bad positions and therefore focus the trading in a superior way. The COT strength is usually the preferred tool for order counters. The operative techniques of counting orders are usually complex to the average of traders, but with this tool we bridge the gap and ease the task for the end user.