What is the Speculative Sentiment Indicator (SSI)?
The Speculative Sentiment Indicator (SSI) is a powerful contrarian indicator that can help you locate trading opportunities by gauging trader positioning and sentiment in the Forex market. If the majority of traders are long, a contrarian indicator bias is short and will favor a position that is opposite to the crowd.
The SSI indicator shows whether overall orders are net long or short and by how much positioning is skewed to one side of the market. If there are more orders long than short, the ratio is positive and the bias is to sell. For example, if the EUR/USD SSI Ratio is 2.0, this means that there are 2 orders long for every short.
If the number is negative, then there are more short orders than long and the bias is to buy. For example, if the EUR/USD SSI Ratio is -1.5, this means that there are 1.5 orders short for every long.
If you do not have an account yet but want access to the SSI indicator, you can open an account now.