OPEN-SOURCE SCRIPT
ICT Premium & Discount [KTY]
ICT Premium & Discount Indicator
[ Overview ]
This indicator automatically displays Premium and Discount Zones based on ICT (Inner Circle Trader) methodology.
Premium & Discount zones divide the current price range into upper and lower areas based on swing highs and lows. This helps traders understand where price sits within the broader range.
[ Key Features ]
Three-Zone Structure
- Premium Zone (Red): Upper portion of the range
- Equilibrium (Gray Dashed): Middle 50% line, fair value reference point
- Discount Zone (Green): Lower portion of the range
Multi-Timeframe Support
- Display zones from two different timeframes simultaneously (LTF & HTF)
- HTF zones carry more significance than LTF zones
Dynamic Range Calculation
- Automatically identifies swing high and low for the selected timeframe
- Zones update as new highs/lows form
[ How to Use ]
1. Identify the current zone - Is price in Premium, Equilibrium, or Discount?
2. Combine with Market Structure - Use CHoCH/BOS to confirm directional bias
3. Look for confluence - OB, FVG, or Liquidity zones within Premium/Discount add significance
4. Use Equilibrium as reference - Price often reacts around the 50% level
Pro Tips:
- HTF zones (4H, 1D) are more significant than LTF zones
- Most effective when combined with other ICT concepts
- Ranging markets may see price oscillate between zones without clear direction
[ Settings ]
Show Premium & Discount Zones: Toggle zone display on/off
LTF: Enable and select lower timeframe for zone calculation
HTF: Enable and select higher timeframe for zone calculation
[ Alerts ]
Price Entered Premium Zone
Price Entered Discount Zone
[ Notes ]
This indicator is designed for educational purposes.
Always combine with proper risk management.
If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
[ Overview ]
This indicator automatically displays Premium and Discount Zones based on ICT (Inner Circle Trader) methodology.
Premium & Discount zones divide the current price range into upper and lower areas based on swing highs and lows. This helps traders understand where price sits within the broader range.
[ Key Features ]
Three-Zone Structure
- Premium Zone (Red): Upper portion of the range
- Equilibrium (Gray Dashed): Middle 50% line, fair value reference point
- Discount Zone (Green): Lower portion of the range
Multi-Timeframe Support
- Display zones from two different timeframes simultaneously (LTF & HTF)
- HTF zones carry more significance than LTF zones
Dynamic Range Calculation
- Automatically identifies swing high and low for the selected timeframe
- Zones update as new highs/lows form
[ How to Use ]
1. Identify the current zone - Is price in Premium, Equilibrium, or Discount?
2. Combine with Market Structure - Use CHoCH/BOS to confirm directional bias
3. Look for confluence - OB, FVG, or Liquidity zones within Premium/Discount add significance
4. Use Equilibrium as reference - Price often reacts around the 50% level
Pro Tips:
- HTF zones (4H, 1D) are more significant than LTF zones
- Most effective when combined with other ICT concepts
- Ranging markets may see price oscillate between zones without clear direction
[ Settings ]
Show Premium & Discount Zones: Toggle zone display on/off
LTF: Enable and select lower timeframe for zone calculation
HTF: Enable and select higher timeframe for zone calculation
[ Alerts ]
Price Entered Premium Zone
Price Entered Discount Zone
[ Notes ]
This indicator is designed for educational purposes.
Always combine with proper risk management.
If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
비트코인 차트만 주구장창 보는
비트 트래커입니다.
단기 분석 및 시황 채널
t.me/btctrackerkr
비트 트래커입니다.
단기 분석 및 시황 채널
t.me/btctrackerkr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
비트코인 차트만 주구장창 보는
비트 트래커입니다.
단기 분석 및 시황 채널
t.me/btctrackerkr
비트 트래커입니다.
단기 분석 및 시황 채널
t.me/btctrackerkr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.