How Signals Are Calculated

Based on Larry Williams' COT methodology using Commercial traders' positions (the "smart money").

---

Composite Score Components:

Component	Weight	Description
WILLCO	40%	Where current commercial position sits in 26-week range (0-100%)
COT Index	30%	Normalized commercial positioning (3-year lookback)
Net Change	15%	Week-over-week position change
Open Interest	15%	Market participation level

---

Signal Thresholds:

Score	Signal	Meaning
80-100	🟢🟢 STRONG BUY	Commercials heavily long
60-80	🟢 BUY	Commercials moderately long
40-60	🟡 NEUTRAL	No clear bias
20-40	🔴 SELL	Commercials moderately short
0-20	🔴🔴 STRONG SELL	Commercials heavily short

---

Key Insight:

Commercials are producers/hedgers who use futures to hedge their business. When they're heavily long, it often signals a market bottom; when heavily short, a potential top.

---

Data updates weekly on Fridays after CFTC release (3:30 PM EST)