Bank Levels Tracker for MT4
- Indicators
- Part-time Day Trader
- Version: 3.0
- Updated: 16 December 2025
- Activations: 15
Identify the exact price zones targeted by banks during stop-hunts — where retail stop-losses typically cluster.
The Bank Levels Tracker for MT5 plots these institutional zones directly on the chart in real time. Retail stops often sit just beyond clear swing highs and lows — areas frequently exploited by Smart Money through stop-runs. When price reaches one of these “bank levels,” the indicator issues an instant alert.
All levels are price-bound and never repaint. Once triggered, they remain visible on the chart for full transparency and post-trade analysis.
Notice: Bank Levels Tracker is now offered as a paid version.
In the Strategy Tester, functionality is limited. For testing, please use the M15 timeframe and select Intraday Levels – Conservative mode.
Who It’s For
Bank Levels Tracker is designed for traders who:
- Actively trade bank levels as part of their primary strategy
- Use other strategies but want better entries by timing trades around institutional stop-hunt activity
- Want to use bank levels as an additional confluence overlay, to quickly see whether key levels have recently been stop-hunted and price may be setting up for a reversal
Key Features
5 Level Modes
Select from scalping, intraday, or swing modes, each offering aggressive or conservative options.
Non-Repainting
Levels are bound to price and stay consistent across all timeframes.
Bias Control Button
Instantly filter to show only short-bias (upper) or long-bias (lower) levels.
On-Chart ADR Indicator
To identify levels that extend beyond the daily range for higher-probability reversal zones.
Full Transparency
Triggered levels remain on the chart for review, analysis, and learning.
Alert Modes
The preferred alert mode can be selected in the input settings.
Auto alerts mode
In Auto alerts mode, the tool automatically monitors all levels and issues an alert whenever price reaches one.
This mode is ideal when screen-watching is not possible and alerts are required for every level interaction without manual input.
Manual alerts mode
In Manual alerts mode, alerts are placed by clicking directly on a level.
Alerts can be set on any level, including levels that have already been stop-hunted. This is especially useful for traders who look to trade level re-tests after price has initially run through a level without reversing. These re-tests often provide high-quality entry opportunities at favorable prices.
Levels overlay mode (no alerts)
Levels overlay mode is designed for traders who do not want live alerts and prefer to use the indicator purely for chart analysis.
This mode helps identify whether key levels have been recently stop-run, providing valuable context when planning future trades.
Auto Alerts Mode – How to Use
Use the corner button on the chart to toggle between displaying all levels or only upper or lower levels when trading with a directional bias.
When price reaches a level, an instant alert is issued automatically.
- Untriggered levels are shown in blue (upper) or red (lower), with price labels
- Triggered levels turn gray and are displayed without labels to keep the chart clear
Manual Alerts Mode – How to Use
Manual alerts mode provides a fast, one-click alert system for selecting specific levels to monitor.
This approach is more efficient and practical for short-term level monitoring than using the default MetaTrader alert system.
To place an alert, simply click on a level line.
Alerts can be set on:
- New, untouched levels
- Previously stop-hunted levels
This mode is particularly useful for traders who look to trade level re-tests after price has initially run through a level without reversing.
Alerts are automatically cancelled when the chart timeframe changes, making this mode best suited for nearby levels that are expected to be reached soon.
Using Bank Levels Tracker to Enter the Market
When trading bank levels as a standalone strategy, wait for confirmation (for example, a candle close beyond the level) before entering a trade.
When using bank levels to achieve better entries within another strategy, trades can be taken as the alert triggers, allowing participation at a more favorable price.
How to Improve Success
Institutions often push price beyond obvious highs or lows to trigger retail stops, creating liquidity for large entries or exits.
However, not every stop-run leads to a reversal — sometimes price snaps back, other times it continues in the same direction.
How to Improve Trade Success:
1. Wait for confirmation — for example, a candle close back beyond the level after a stop-run.
2. Picking stronger levels — align levels with major support/resistance or EMAs (50 & 200) on any timeframe. Levels never repaint when switching timeframes, so this method is reliable.
3. Focus on levels beyond the ADR — moves beyond the day’s average range are often exhausted, raising reversal odds.
Stop Runs Explained in More Detail:
Smart-money stop-hunts aim to capture liquidity. Retail stop-losses often cluster beyond swing points, releasing bursts of orders when triggered — the liquidity big players need to fill positions.
Why Use Confirmation?
A stop run alone doesn’t guarantee a reversal. Two scenarios are common:
- Stop-Run Reversal: After collecting liquidity at a swing, price often snaps back in the opposite direction, as institutions take positions against the crowd.
- Stop-Run Continuation: Sometimes the stop run simply clears liquidity, making it easier for price to keep driving the same way. Once weak hands are out, breakout and momentum traders often pile in, extending the move.
Since direction is only confirmed after the stop-run, using a confirmation method helps improve consistency and success rates.
