MT5 Premium and Discount ICT Indicator Download - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resources

The Premium and Discount indicator draws zigzag lines to take into account secondary market trends and identify premium and discount zones .

The Profit and Discount indicator is a MetaTrader 5 liquidity indicator used to pinpoint entry points and set Take Profit (TP) and Stop Loss (SL) levels.

It is designed for secondary trends, with “D” and “P” placing labels by price for lows and highs , respectively. Clicking on these labels will draw zone boxes .

Price and discount indicator specification table

The table below contains details and specification premium and discount metrics.

The price and discount indicators are clear at a glance

Premium and discount areas appear as colored boxes on the chart. In both bullish and bearish trends, this indicator considers the premium zone from the start of the trend to 50% of its path.

Buying positions in an uptrend

The 30-minute NZD/USD pair chart shows premium and discount areas with blue and pink boxes.

As the trend moves towards higher price levels , a return to the Premium Zone offers an ideal buy entry point.

Selling positions in a downtrend

In Chainlink's (LINK) 5-minute chart, premium and discount areas are plotted along the bearish leg.

Returning to the pink box ( Premium Zone ) provides a suitable sale opportunity.

Price and discount indicator settings

The figure below shows the premium and discount indicator settings panel:

• Opposite Color: Change the jagged line color

Conclusion

The Premium and Discount indicator is an ICT indicator for MetaTrader 5 that highlights premium and discount areas within a small trend.

The tool visualizes these areas as colored boxes and marks the 50% trend level , helping traders identify entry points and set Take-Profit (TP) and Stop-Loss (SL) levels.