Bank Levels Indicator
The Bank Level Indicator For MT5 draws key bank levels on the MT5 chart. These levels are the most valuable reversal levels to trade.
In the forex market, all financial institutions and market makers trade and place their orders strategically. These organizations place the largest volume or lot size, which greatly influences the price movement in the forex market.
The largest forces among these financial institutions are banks such as Citigroup, Deutsche Bank, Bank of America, HSBC and Barclays Bank. Their others are located at key psychological levels, also called banking levels.
Thus, these levels are always watched by traders who love to trade with these big players in the forex market. These levels can be monitored using the Bank Levels indicator.
Main Bank Levels indicator
The Bank Levels Indicator For MT5 draws key levels on the MT5 chart. These levels can be all-time highs or lows, round numbers, or places where the price stops frequently.
Traders keep a close eye on when the market price reaches these levels to see if the price will reverse or continue.
The chart below shows how the Bank Levels indicator is displayed on an MT5 chart.
The AUD/USD H1 chart above shows the different banking levels displayed by this indicator. These levels contain the levels of the current day and the levels of the next day. The current daily levels are displayed by the Bank Levels indicator in green. therefore, the next day’s Bank Levels are green.
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