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searching for an SSI indicator for Ninjatrader from FXCM.
If you watch the FXCM webinar on nexusfi.com (formerly BMT), it was mentioned there is no such indicator, but also mentioned how to access the data and write your own.
This is supposed to go in the File Sharing section, but don't know how to do it, as it's not possible to open a new thread.
Or maybe not enough coffee this morning, something like that...
Anyway, this is another DoubleMAPaint, with:
- the good …
If you are not a programmer you could post a paid job request:
The SSI is the ratio of (retail) traders holding long positions to short positions.
If there are 2 long positions for 1 short positions the SSI has a value of +2.
If there are 2 long positions for 3 short positions the SSI has a value of -1.5
The SSI is displayed as histogram, which can either take values above +1 or below -1.
The SSI can only be calculated by a FOREX dealer who monitors the positions of all retail customers. The use that you can make of the SSI is similar to what you can conclude from a put/call ratio for options.
I believe that it is not possible to display SSI or put/call ratio with NinjaTrader, unless the data is available as an index which can be directly fed into NinjaTrader as an instrument.
I have not looked at the raw data. But from the webinar, my understanding is that 4 years of historical data is available and is basically two timestamps per day and contains the raw reading (value) of the SSI for that instrument at that time, such as "1.50" or whatever.
It should be easy enough to import into NinjaTrader if that is the case.
Realtime access would require use of their API or to write your own WebRequest method to parse their page. Obviously API is better.
Not a big deal. If you can get a text file with the SSI values, it's easy to create a NT indicator which will parse this file.
FXCM API is available in C++/Java/C#, so I presume this is not a value available with their API, only on JSON/REST for example, or with simple HTTP requests.
