CTA Conditional Flows – The right way to compute?


I'm attempting to know the right way to replicate CTA conditional flows chart I'm discovering on varied platforms, just like the one you’ll be able to see in right here.

I noticed some papers like: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3674828 or https://macrosynergy.com/analysis/estimating-the-positioning-of-trend-followers/, however can't determine it out.

https://preview.redd.it/benu05uy0j4f1.png?width=3840&format=png&auto=webp&s=33a50d00b3a2a262fab177709c8e0b8308b68c74

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