824# Bank level indicator MT4

Submit by Alexander

Bank level indicator MT4 draws important levels for shot term trading. These levels are good for trend following and reversal trading. is determined by the price action confirmed by the hull moving averages both on the chart and under the chart in multi time frame, also I added a template in which the filter under the chart is done with the CCI 50 periods, because I believe that a multi time frame filter it is not suitable for beginners. When the price action is confirmed by trend indicators, this system generates precise signals that can also be used for intraday spread trading.

Time Frame H1

Currency pair: major, minor, indices, commodities and stocks.

Metatrader 4 Indicators

SS support and resistance,

Hull NRP arrows 45 periods,

HMA Color 45 period.

Bank levels indicator MT4

Show pips

YFX Symbol

Eqinox CCI 50 period.

HMA MTF.

Trading rules Bank level indicator MT4

The general principle is that the price has to rebound or break bank levels. Levels that are believed to be very important. Whether these levels are broken or there is a rebound to enter the market, the movement must be confirmed by trend indicators.

Buy

Price breaks up bank levels or bounce on a support bank levels, HMA green color CCI 50 period> 0

Sell

Price breaks down bank levels or bounce on a resistance bank levels, HMA red color CCI 50 period< 0

Initial stop loss on the previous swing high/low , profit target ratio 1.1.3.

In the pictures Bank level indicator MT4 in action.

Telegram Channel: https://t.me/freeforexresources

Share your opinion.