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. tbh : I got amazed by how accurate to pinpoint major reversal points. here I got screenshot from youtube video they introduce : here a screenshot for how they measure extremes of commercial/speculators on intraday timeframes : https://paste.pics/BYVR0 i will keep posting charts for different symbols catching my eye. If you are interested in any symbol : please ask and I will share its chart. lets see it.
Am similar to you : get upset by indicators but this iCOT opened different view for me. look how it showed on eurusd https://cotbase.com/features/icot
Reversal on CL $OIL Yes : you can't always be accurate but the risk/reward is good enough when using iCOT.
Let the COT man answer the Q. I guess he will come up with another new nick, and another great indicator.
I'm just a subscriber for iCOT. I'm old subscriber to cotbase since 2016 but recently they introduce this iCOT on intraday charts : and it is a real risk/reward edge.