The SSI index compares the number of accounts in buy trades vs sell trades for each major currency. It releases twice daily. Each account is counted once, regardless of trade size. The SSI index gives us a single number, positive or negative as the price sentiment. A positive value means there are more buyers than sellers. If the SSI is negative, the number of sellers is more than buyers.
Let make this a bit more clear:
If SSI is -2.50, there are 2.50 sellers for every 1 buyer.
If SSI is +2.03, there are 2.03 buyers for every 1 seller.
You may notice that in the forex market more people are losing money than earning a profit. Yes, that is correct it is better to go with the minority. It means if the SSI is negative we should buy and vice versa.
Like other indicators, you can not trust this one for every single trade. But at least you will be OK must of the time. Be careful though!
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