The OVI Market Timers consist of a short-term market indicator (SMT), a medium term market indicator (MMT) and a longer term market indicator (OVIsi). The Market Timers are only available on the S&P 500 because it is commonly used as a gauge for the stock market itself.. 

Our medium term market timer is also known as the S&P Swing Timer while the longer term market timer is commonly referred to as the OVI Sentiment Indicator (OVIsi). 

Please be sure to read the instructions located at the top right corner of the market timers carefully. Most importantly, we DO NOT trade the indicators blindly. They should always be used in the context of the WiseTraders method. 

Access to the OVI Markets Timers are reserved only for our OVI Markets Daily members.

Short-Term Market Timer (SMT)

The SMT indicates short-term buying or selling activity in S&P 500 stocks. You will find the SMT as “green up” or “red down” arrows at the bottom of the OVI chart 

A “boxed” arrow is an indicator of stronger buying or selling activity. For example, a “green-boxed” up arrow indicates stronger buying activity compared to an “unboxed” green up arrow.

You must use the SMT in context with other trading parameters such as the OVI, the MMT and breakouts. Its optimal use is when the SMT is in step with the MMT signal. In other words, you want the SMT to indicate “buy” or “strong buy” when the MMT is pointing towards oversold conditions and vice versa. 

Medium-Term Market Timer/S&P Swing Timer (MMT)

The MMT is excellent at identifying overbought and oversold conditions especially within trending markets. It takes precedence over the SMT. 

The indicator ranges between a minimum of -1.0 and a maximum of +1.0 and is most suited to a swing trader’s time horizon.

A reading below -0.20 indicates oversold conditions while a reading above +0.80 indicates overbought conditions. Where the indicator is neither overbought nor oversold, apply the normal OVI stock selection and trade management rules. This will be the majority of the time.

It is best to use the MMT in context with the OVI and the Big Money Footprints. 

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Longer Term Market Timer/OVI Sentiment Indicator (OVIsi) 

The OVI Sentiment Indicator (OVIsi) is a longer-term market timing tool used to determine the long-term overall sentiment of S&P 500 stocks. 

The indicator is comprised of three components: 

• OVI Adaptive Long vs. Short

• OVI ETFs

• Adaptive MA
  
  

For more information on the OVIsi rules and its individual components, scroll down to the OVIsi v2.0 components section and click on the More Info button.