iCOT Intraday Indicator : nice reversal indicator !
I'm a fan of COT analysis : actually I love to study COT reports and positioning.
recently I subscribed to iCOT indicator where they introduce it as the approximate intraday COT chart.
As per the iCOT description : it is an intraday technical indicator trying to simulate and approximate COT reports.
here a screenshot for how they measure extremes of commercial/speculators on intraday timeframes. you can google cotbase iCOT INTRADAY INDICATOR.
BTC Bitcoin reversals using iCOT indicator
I'm using iCOT intraday indicator since January to pinpoint major reversals in markets including Bitcoin.
Please watch their youtube channel about iCOT indicator.
here a screenshot for how they measure extremes of commercial/speculators on intraday timeframes :