Does the OVI work for Forex?
The OVI does not support Forex per se, however it is applicable to Currency ETFs (Exchange Traded Funds).
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Are the skills taught in this course transferable to trading CFDs and ETFs?
You can certainly trade flags that occur in ETFs, and also by way of options, CFDs, and if in the UK, spreadbetting. The patterns occur in the underlying stocks (and an ETF is basically a stock) and so the instrument by which you choose to trade it ...
It would be great to have ovi for the few UK stocks that are optionable.
The OVI really needs good liquidity in the options data, and UK options are thinly traded and far fewer in number. The other factor is that whilst US options are traded in 'lots' of 100, in the UK it is 1,000 so cost prohibitive for retail traders.
What is the OVI?
The OVI is Guy's proprietary trading indicator. It’s a unique tool that you won’t find anywhere else. The letters OVI actually stand for ‘Options Volatility Index’, and the technology itself relies on complex algorithms and billions of data ...
If there are no stars/low number of stars for a stock, then how can there be statistical integrity behind the OVI indicator?
No stars simply means the stock is not in the S&P 500. Low stars simply means that in a more recent segment of time, that the stock price has not correlated with its own OVI as well as other stocks have performed in the same time period. It is a ...
What is the WiseTraders OVI Short, Medium, and Long Term Market Timers?
The longer term timing indicator (OVIsi) was designed with an institutional portfolio in mind, and is based on prolonged bullish or bearish conditions. As such it is a slow-moving indicator which did not turn during the Pandemic downturn of Feb-March ...