Automatic Premium and Discount Indicator Download in MT4 - Free - [TFlab] | Forex Indicator Download - MetaTrader 4 Resource

The Automatic Premium and Discount Indicator is one of the ICT indicators in MetaTrader 4 that displays premium and discount areas in the simplest way .

This indicator considers Swing Highs and Swing Lows to draw premium and discount areas on the trend.

The "P" label at the high point represents Premium , and the "D" label below the low point represents Discount . By clicking on these tabs, the pink and blue premium and discount areas and the 50% off line are displayed.

Indicator specification table

The table below reviews the specifications and features of the automatic water price indicator.

Overview of premium and discount indicators

The indicator creates a box containing two different zones: Premium Zone (pink area) and the Discount Zone (blue zone). In an uptrend, the Premium Zone forms from the start of the trend to 50%, providing strategic areas for buy trades, while in a downtrend these zones function in the same way, but in reverse.

Buy Trade Setup

Based on the GBP/USD 30-minute chart analysis , clicking on the “D” label at the bottom of the upward leg will create a premium zone and a discount zone .

The indicator considers swings up to 50% starting from the “Premium” zone . The pink zone is an ideal entry point to buy trades if the trend retraces.

Sell ​​Trade Setup

According to the 30-minute Binance Coin (BNB) chart , premium and discount zones are based on determined swing highs and swing lows .

If the price returns to the pink zone (advanced zone) , this retracement can be considered an opportunity to enter a sell trade .

Setting of automatic premium and discount indicators

The following settings are applicable to the "Automatic Premium and Discount" indicator:

• Small Swing: Enable small swing analysis
• Big Swing: Enable major swing analysis
• Opposite Color: Define the color of the jagged line

Conclusion

The automatic premium and discount indicator displays uptrends and downtrends by creating zigzag lines . This indicator analyzes swings and provides a visual representation of premium and discount zones by placing the “P” and “D” labels .

This MetaTrader 4 Liquidity Indicator considers up to 50% of trend starting points as advanced areas , offering traders opportunities to buy and sell positions .