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Commitment Of Traders COT Analytics

One of the key elements in speculative foreign exchange (forex) trading is identifying the trend of a particular currency pair and trade in that direction. This is easier said than done because ploting trend lines in a trading chart is subjective and will vary amongst different traders especially when considering different timeframes. The best way to identify the trend of a particular currency is gauging the positions held in the currency futures markets by the major participants(asset managers). This is where the Commitment of Traders (COT) data comes into play which is availed by the Commodity Futures Trading Commission (CFTC) weekly on Friday.

Install / Use

npx skills add masakhwe/Commitment-of-Traders-COT-Analytics

Installs into whichever agent you are using.

About this skill

Quality Score

0/100

Supported Platforms

Universal

README

Objective

One of the key elements in speculative foreign exchange (forex) trading is identifying the trend of a particular currency pair and trade in that direction. This is easier said than done because ploting trend lines in a trading chart is subjective and will vary amongst different traders especially when considering different timeframes. The best way to identify the trend of a particular currency is gauging the positions held in the currency futures markets by the major participants(asset managers). This is where the Commitment of Traders (COT) data comes into play which is availed by the Commodity Futures Trading Commission (CFTC) weekly on Friday. This project involves development of a data pipeline that will process the commitment of traders data in weekly batches through transformations and creation of tables which will be consumed by our dashboard in Tableau.

Technologies

Architecture diagram

architecture

Final Result

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Related Skills

View on GitHub
GitHub Stars5
CategoryData
Updated2y ago
Forks1

Languages

Python

Security Score

60/100

Audited on Jun 7, 2024

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