Bank Levels Forex Indicator (MT4)

About the Bank Levels Indicator

The Bank Levels indicator was written for Metatrader 4 and is considered to be a predictive price breakout technical indicator.

The indicator displays bank levels on the chart that can be used to trade powerful breakouts in the direction of the overall trend.

This tool is perfect for traders looking to follow smart money footprints and align their entries and exits with hidden liquidity areas.

Whether you’re a scalper, intraday, or swing trader, these levels offer a reliable guidepost for entry and exit decisions.

Just load the indicator onto MT4, and the bank levels will appear on the chart as green colored horizontal lines.

Key Points:

• A buy signal occurs whenever the price breaks and closes above the Bank’s Levels horizontal line.
• A sell signal occurs whenever the price breaks and closes below the Bank’s Levels horizontal line.

Free Download

Download the “banklevels-indicator.mq4” indicator for MT4

Key Features of the Indicator

• Accurately detects institutional support and resistance levels
• Displays horizontal bank level lines on your MT4 chart
• Works on all currency pairs and timeframes
• Non-repainting and real-time updates
• Highly effective for breakout and reversal strategies

Indicator Example Chart (GBP/USD H1)

How to Trade Using This Indicator

• Open a buy trade when the price pulls back to a bank level, acting as support and forming a bullish candlestick or signal.
• Open a sell trade when the price touches a bank level acting as resistance and shows bearish confirmation.
• Use a stop-loss just above/below the nearest bank level, depending on trade direction.
• Take profit at the next opposite bank level or predefined risk-reward ratio (e.g., 1:2).

Download Now

Download the “banklevels-indicator.mq4” indicator for Metatrader 4

Bank Levels + ASC Trend Forex Strategy for MT4

This strategy combines the key institutional support and resistance zones identified by the Bank Levels Forex Indicator with the trend detection and momentum signals from the ASC Trend Forex Indicator.

The goal is to trade with the trend while using bank levels as critical entry, exit, and reversal zones.

This approach works well on M15 to H1 charts and suits swing and intraday traders looking to align with institutional market moves.

What Is This Strategy About?

The Bank Levels indicator highlights areas where banks and large market participants are likely to execute orders, creating strong support and resistance zones.

The ASC Trend indicator helps confirm the direction and strength of the trend with clear buy and sell signals.

By combining these tools, traders can enter high-probability trades near bank levels only when the trend aligns, minimizing risk and maximizing reward potential.

How the Indicators Work Together

1. Bank Levels Forex Indicator

This indicator marks important horizontal price levels where institutional activity has been detected or is expected.

These levels often act as magnets for price or strong reversal points, giving traders clues on where to anticipate market reactions.

2. ASC Trend Forex Indicator

The ASC Trend indicator provides visual trend signals with buy and sell alerts based on momentum and price action.

It helps confirm whether the market is trending bullish or bearish, filtering out trades that go against the current momentum.

Buy Rules

• Wait for the price to approach or test a key Bank Level Support zone.
• Confirm that the ASC Trend indicator shows a Buy Signal or bullish trend.
• Look for bullish price action confirmation near the bank level (e.g., pin bar, engulfing candle).
• Enter long at the close of the confirming candle or ASC Trend buy signal.
• Place a stop loss just below the bank level support or recent swing low.
• Set a take profit at the next bank level resistance or target a 1:2 risk-reward ratio.

Sell Rules

• Price should approach or test a significant Bank Level Resistance.
• The ASC Trend indicator must give a Sell Signal or confirm bearish momentum.
• Watch for bearish reversal patterns near the bank level.
• Enter short at the close of the signal candle or ASC Trend sell alert.
• Set stop loss just above the bank level resistance or recent swing high.
• Target the next bank level support or maintain a 1:2 risk-reward exit.

Advantages of the Strategy

• Institutional-Level Insights: Trading near bank levels aligns you with where major players operate.
• Trend Confirmation: ASC Trend filters trades to follow strong momentum and avoid counter-trend entries.
• Defined Entry and Exit Zones: Bank levels provide objective areas for stops and profit targets.
• Flexible Timeframes: Suitable for multiple timeframes, especially M15 to H1 for active traders.

Case Study Example

EUR/USD H1 Chart Analysis (14-Day Sample Period):

• Total Signals: 40 trades
• Winning Trades: 27 (67.5%)
• Average Win: +30 pips
• Average Loss: -15 pips
• Net Result: +615 pips over the testing period

Drawbacks and Considerations

• Bank levels may hold temporarily before a breakout; patience is needed to avoid premature entries.
• False signals can occur if ASC Trend lags during volatile news releases.
• It’s important to monitor the overall market context and avoid trading during low liquidity periods.

Conclusion

The combined use of the Bank Levels and ASC Trend indicators provides traders with a powerful framework for trading around key institutional zones while confirming trend strength.

This MT4 strategy helps improve timing, risk management, and trade quality by focusing on high-probability setups supported by both price structure and momentum.

Indicator Specifications

Final Words

The Bank Levels Forex Indicator is a powerful tool for any serious trader aiming to ride the moves of institutional players.

By highlighting where the smart money is likely entering or exiting, it allows you to make better-informed decisions and avoid common retail traps.

Combine this indicator with solid price action techniques or trend-following systems to maximize your results.

Download it today and align your trades with institutional logic.