Is the direction of the OVI important or just that it is either in positive or negative territory?

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• Can you elaborate on the importance of support & resistance in terms of the present & the past.

  Support and resistance are important as it gives an indication of potentially how profitable the trade may be. If you have these close to your entry price or first profit targets, there is a risk that the stock will not be able to break past the ...

• 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 ...

• I was wondering once Guy checks the top and bottom of the flag how he determines at what level he decides to enter the trade? Sometimes it is 7 ticks above/below the flag other times it could be 9 or whatever.

  We try to avoid being caught out by past Support and Resistance areas. Also we look for some clearance beyond the flag or consolidation itself. It can vary according to factors such as other Support and Resistance, and whether we're near a round, ...

• 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 ...

• What does the OVI do?

  Simply put, the OVI measures the flow of the big, smart money in the markets. It does this by monitoring the activity between buyers and sellers of options. You do not need to know anything about options trading to use the OVI. But by looking at ...