SkyBlue - daily Support and Resistance levels - and Violet - Balance levels - to be tested. You get all the functionality of the trading platform and access to all indicators and EAs for free. A brief history of available data.
SkyBlue Levels – Daily Supports and Resistances – indicate the range in which the price is moving on a given day. SkyBlue levels are published daily from 6:00 a.m. to 8:00 a.m. (GMT).
By using artificial intelligence to study repetitive price behavior, we found that it can be used as daily support and resistance.
The maximum movements for a given day are the SkyBLueExtension levels - extreme, dashed lines - but statistically the price moves between SkyBlue levels - thicker, internal lines.
If the price at 22:00 (GMT) is outside the SkyBlueExt level range, it should return to this range during the Asian session.
Statistics say that if the price at 22:00 (GMT) is outside the SkyBlue level range, it should also return to this range within 2-3 days - although it usually returns much earlier.
Returns to the SkyBlue and SkyBlueEx level range are well over 90% effective.
A graphical representation of price behavior in relation to SkyBlue levels can be found in the video presented alongside this text.
Violet levels – HSBalance – indicate the price level that is settled within a few - at most a dozen or so - hours.
Very often this level is an important reaction point. The price at this level reacts very precisely.
These levels appear regularly - hourly - throughout the trading week.
The American session and where the USD dollar currency is in the currency pair are very important for Violet levels.
For currency pairs in which the USD is in second place, e.g. AUDUSD, EURUSD, GBPUSD, if the price is above the Violet levels before 15:00 (GMT), it should - statistically - return to this level.
The opposite situation is with currency pairs, where USDolar is in first place, e.g. USDCAD, USDCHF, USDJPY.
The relevant time is 15:00 (GMT). Returns to the Violet level range are well over 96% effective.