Bank Levels MT5
- Thomas Bradley Butler
- Version: 1.0
Review with stars.
Bank Levels are the only levels you need. This is for price action trading. Where are the daily levels and the price breakdowns, breakouts or support and resistance going to be? Use on 1 hours charts or under. Use the period separation in the properties and divide the chart into days. The indicator here is simple, clear and effective. No need to clutter the chart with 100's of confusing levels anymore. See the last areas of controls and where they took control, aka swing points. See developing price action of support or strong pressure through levels.
MT4 Version: https://www.mql5.com/en/market/product/86994
It takes some time to plot the levels so jumping back and forth between time frames is not recommended and also remove indicator when logging off, add when you log back on.
Daily repeating scenarios
- Breakdown through support
- Breakout through resistance
- Range from support to resistance