CoT_MK_WillCo_Index

5월 13일

The WillCo MK Index (Commercials, volume-adjusted) is a weekly oscillator that measures how strongly Commercial traders are positioned relative to total market size (Open Interest). It calculates the net Commercial position (Long minus Short), divides it by Open Interest to normalize for market volume, then scales that ratio to a 0–100 range over a user-defined lookback period (default 26 weeks). Readings near 100 indicate exceptionally strong Commercial net-long exposure (bullish extreme), while readings near 0 reflect heavy Commercial shorting or lack of longs (bearish extreme). Traders use WillCo MK to spot potential turning points by following smart-money extremes that often anticipate price reversals.

5월 13일

릴리즈 노트

The WillCo MK Index (Commercials, volume-adjusted) is a weekly oscillator that measures how strongly Commercial traders are positioned relative to total market size (Open Interest). It calculates the net Commercial position (Long minus Short), divides it by Open Interest to normalize for market volume, then scales that ratio to a 0–100 range over a user-defined lookback period (default 26 weeks). Readings near 100 indicate exceptionally strong Commercial net-long exposure (bullish extreme), while readings near 0 reflect heavy Commercial shorting or lack of longs (bearish extreme). Traders use WillCo MK to spot potential turning points by following smart-money extremes that often anticipate price reversals.

5월 14일

릴리즈 노트

The quantile (percentile) calculation is now always performed on a weekly basis, regardless of the chart timeframe.

5월 16일

릴리즈 노트

Fixed: The WillCo Index now correctly displays the value for the completed week on the corresponding week in the chart. Previously, the value was shifted by one week, showing last week’s percentage for the current week. This issue is now resolved for the weekly chart.

Note: On daily or lower timeframes, TradingView always displays the last completed weekly value for all days of the current week.

5월 17일

릴리즈 노트

The WillCo Index now uses daily CoT data, so weekly values are always up to date and match the latest official CoT report without any lag or shift.