Hi, a question for the footprint chart practitioners. How to use the COT commitment of traders on a footprint chart. I am using the GOMI Footprint for NT8.

Wipeout 

Hi, a question for the footprint chart practitioners. How to use the COT commitment of traders on a footprint chart. I am using the GOMI Footprint for NT8.

Hi ! Have you found out the answer to that yet?

DebayanSen 

Hi ! Have you found out the answer to that yet?

Hi, DebayanSen I have not got a answer but looking to understand it in the Gomi footprint charts sorry took me so long to reply just getting in front of my computer again after a long delay.

This is a nice high level explanation of COT.

https://www.mzpack.pro/trading-setups/what-is-cot-and-how-to-use-it-in-day-trading/

I am not affiliated with the vendor, just an explanation that made it clearer to me.

Hope it helps.

Sent using the NexusFi mobile app

Hi Popsicle, that was right under m nose I was on the MZpack site and some how missed it thanks that helps.

@Wipeout,

I tried to make a brief explanation what "cot" is and how it's calculated in this thread:

GOMI all NT7/8 & SC; MP & Orderflow @ Gomicators.com from original GOMI GOMI, original creator of GOM MP, has created a fully recoded enhanced multi-platform professional MP (volume based) and Order Flow for delta insights. The new GomMPPro builds upon the open source GomMP hosted on nexusfi.com, and includes multiple …

Silvester17 

for new users of footprint (volume ladder) charts, some of the features may be a little overwhelming or difficult to understand. so hopefully a brief explanation will help. in most cases I used the original description from market delta: - delta displays the cumulative (net) delta for the entire bar. It is cumulative for the entire bar - total volume displays the total volume that occurred for each bar. It is cumulative for the entire bar - unfinished auction An “unfinished auction”, sometimes called “unfinished business”, is the term used to describe when the extreme price for a bar (either high, low, or both) has both buy AND sell volume - poc displays the highest volume at a specific price for this specific column - min delta displays the lowest overall delta value achieved for the entire bar. It is cumulative for the entire bar - max delta displays the highest overall delta value achieved for the entire bar. It is cumulative for the entire bar - delta finish This is the pullback of delta from it's last high or low. If Delta last bounced off it's high before completing bar, the finish will be negative (or zero). If Delta last bounced off it's low before completing bar, the finish will be positive (or zero) - cot high cumulates the delta (ask volume minus bid volume) in the bar tick after tick (trade after trade). But it is reset to 0 on the tick which is either a higher high (within the bar) or a repeat of the former high of the bar - cot low cumulates the delta (ask volume minus bid volume) in the bar tick after tick (trade after trade). But it is reset to 0 on the tick which is either a lower low (within the bar) or a repeat of the former low of the bar the cot calculations are a little different from the original gom volume ladder. now we have a standardized definition, showing the same data on all platforms. I tried to show/explain the cot from the original gom volume ladder here: Volume Ladder for NT (Gomi) Gekko78, sorry, it has not much in common with that cot. :faint: here's the explanation from gomi: and here's mine, trying to put it into a picture: and here's how it looks like with the GomOrderFlowPro version:

and a much better explanation you can find in @gomi webinar. the "cot" part should start ~ 29:10

Silvester17 

maybe it would be a good thing to add a link to gomi's webinar to this thread. he explained very well the different settings and how they work. Webinar: Understanding and Exploring Delta and Order Flow w/Gomi Hi guys, It is my pleasure to welcome gomi from Gomicators (and well known NexusFi member) for a webinar on Tuesday, May 16th @ 4:30PM Eastern US. The title for this webinar is "Understanding and Exploring Delta and Order Flow", and bullet … and thanks @gomi for a great webinar!!

also from gomi's pdf:




and here's an example for a possible setup:




there're many other useful posts about the "cot", unfortunately buried deep in various threads. it's almost 10 years since the beginning of it