FXSSI.Derivatives is a custom trading indicator for MT4 that displays some valuable derivatives obtained from the activities of other traders. It was built with algorithms that tracks the derivatives from the data of the Order Book and displays them in the form of a chart.
This information can therefore be harnessed to make a more informed trading decision in terms of trade entries or exits.
Labels
MVO - This parameter shows the level where 50% of the total volumes of Orders are placed.
MVP - This shows the levels where 50% of opened positions are placed.
OB - This parameter displays the overbought levels where 80% of buyers are in profit.
OS - This parameter displays the oversold levels where 80% of sellers are in profit
SR - This shows zones with a high accumulation of limit orders; they tend to act as major support or resistance levels.
RP (Return Point) - This shows a potential zone to be retested by the price.
PRA - This shows the potential pivot point of the price (resistance zones)
PRB - This shows the potential pivot point of the price (support zones)
Indicator Panel Position - This determines where the indicator’s panel is located (left/right or top/bottom) on your chart.
Horizontal Offset - This parameter is used to assign a value. The indicator’s default value is 300.
Vertical Offset - This parameter is used to assign a value. The indicator’s default value is 0.
Panel Initial Size - This shows the default size of the panel.
Limit Displayed Data - This defines the limit to the historical data the indicator should display on your chart.
Indicator Line Width - This defines the thickness of the indicator’s lines.
Color Scheme - This parameter turns ON/OFF the dark/light color scheme.
Indicator installation
Download Link
1. Download and unzip the archive to the MQL4 folder of the terminal;
2. Restart the terminal and run the indicator;
3. Allow import of DLLs.
This information can therefore be harnessed to make a more informed trading decision in terms of trade entries or exits.
Labels
- MVO: Middle Volume of pending Orders.
- MVP: Middle Volume of opened Positions.
- OB: Overbought level.
- OS: Oversold level.
- SR: Support/Resistance level.
- RP: Return Point of price.
- PRA/PRB: Potential Reversal Points Above/Below the price.
Settings Description
MVO - This parameter shows the level where 50% of the total volumes of Orders are placed.
MVP - This shows the levels where 50% of opened positions are placed.
OB - This parameter displays the overbought levels where 80% of buyers are in profit.
OS - This parameter displays the oversold levels where 80% of sellers are in profit
SR - This shows zones with a high accumulation of limit orders; they tend to act as major support or resistance levels.
RP (Return Point) - This shows a potential zone to be retested by the price.
PRA - This shows the potential pivot point of the price (resistance zones)
PRB - This shows the potential pivot point of the price (support zones)
Indicator Panel Position - This determines where the indicator’s panel is located (left/right or top/bottom) on your chart.
Horizontal Offset - This parameter is used to assign a value. The indicator’s default value is 300.
Vertical Offset - This parameter is used to assign a value. The indicator’s default value is 0.
Panel Initial Size - This shows the default size of the panel.
Limit Displayed Data - This defines the limit to the historical data the indicator should display on your chart.
Indicator Line Width - This defines the thickness of the indicator’s lines.
Color Scheme - This parameter turns ON/OFF the dark/light color scheme.
Indicator installation
Download Link
1. Download and unzip the archive to the MQL4 folder of the terminal;
2. Restart the terminal and run the indicator;
3. Allow import of DLLs.