The FXSSI.Derivatives Indicator is a technical analysis tool that helps traders identify potential trend reversals in the market. In this article, we will discuss the definition, working, and best settings of the FXSSI.Derivatives Indicator, and how to use it to trade in MT5.
Definition
The FXSSI.Derivatives Indicator is a technical analysis tool that uses a combination of moving averages and derivative oscillator to identify potential trend reversals in the market. The indicator was developed by the team at FXSSI, a leading provider of trading tools and resources for forex traders.
Working of FXSSI.Derivatives Indicator in MT5
The FXSSI.Derivatives Indicator works by combining a long-term moving average, a short-term moving average, and a derivative oscillator to identify potential trend reversals in the market. The indicator uses the crossover of the short-term moving average and the long-term moving average, as well as the direction of the derivative oscillator, to generate buy and sell signals.
The FXSSI.Derivatives Indicator can be used to identify trend reversals and enter and exit trades in the direction of the trend.
Best Settings for FXSSI.Derivatives Indicator
The best settings for the FXSSI.Derivatives Indicator depend on the trading strategy and the time frame being used. Generally, a shorter time frame, such as 5 minutes or 15 minutes, is used for intraday trading, while a longer time frame, such as 1 hour or 4 hours, is used for swing trading.
Traders can also adjust the sensitivity of the FXSSI.Derivatives Indicator by changing the values of the moving averages and derivative oscillator. A shorter period for the moving averages and a smaller period for the derivative oscillator will result in more sensitive signals, while a longer period for the moving averages and a larger period for the derivative oscillator will result in less sensitive signals.
Table of Best Settings for FXSSI.Derivatives Indicator
The table below shows the best settings for the FXSSI.Derivatives Indicator for different time frames:
| Time Frame | Long-term Moving Average | Short-term Moving Average | Derivative Oscillator | Color |
|---|---|---|---|---|
| Intraday | 200 | 20 | 14 | Blue |
| Swing | 200 | 50 | 28 | Green |
Traders can also customize the appearance of the FXSSI.Derivatives Indicator by changing the color of the lines and other settings.
How to Trade with FXSSI.Derivatives Indicator?
The FXSSI.Derivatives Indicator can be used to identify trend reversals and enter and exit trades in the direction of the trend. Here are two common ways to use the FXSSI.Derivatives Indicator to trade in MT5:
Trade Trend Reversals
Traders can use the FXSSI.Derivatives Indicator to identify potential trend reversals in the market. When the short-term moving average crosses above the long-term moving average and the derivative oscillator is moving in the same direction, it generates a buy signal. When the short-term moving average crosses below the long-term moving average and the derivative oscillator is moving in the opposite direction, it generates a sell signal.
Use as a Confirming Indicator
Traders can also use the FXSSI.Derivatives Indicator as a confirming indicator to validate other technical analysis tools or trading signals. For example, if a trader receives a buy signal from another technical analysis tool, they can use the FXSSI.Derivatives Indicator to confirm that the market is in an uptrend and that the buy
Features of FXSSI.Derivatives Indicator
The FXSSI.Derivatives Indicator has several features that make it a useful tool for traders. Some of these features include:
- Uses a combination of moving averages and derivative oscillator to identify trend reversals
- Customizable settings to suit different trading strategies
- Can be used to enter and exit trades in the direction of the trend
Conclusion
The FXSSI.Derivatives Indicator is a powerful tool that can help forex traders identify potential trend reversals in the market and enter and exit trades in the direction of the trend. By incorporating the FXSSI.Derivatives Indicator into their trading approach, traders can gain an edge in the markets and improve their chances of success.