The eVOLution-options indicator do analyse trades with currency options for previous trading session on CME, and it try to define support and resistance of current day.
The main result of indicator is Key Zone (A on screenshot) – the balance level between large market operators, this is zone where main battle will be played between bears and bulls, and usually it’s not easy to brake that zone. If day was opened above Key Zone than current day considered as bullish day, and we supp ose that price will rebound up from Key Zone. And vice-versa – if day was opened below Key Zone than current day is considered as bearish day, and we suppose that price will rebound down from Key Zone.
The indicator works with external data that should be downloaded manually from trading-evolution.com website flesh applet.