Automatic Premium and Discount Indicator Download for MT5 - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resource

The automatic premium and discount indicator , designed based on the ICT trading style , enables traders to identify premium and discount areas in major swings .

This indicator marks the "P" and "D" labels at Swing Highs and Swing Lows defining premium and discount areas.

Clicking on the “P” and “D” labels generates colored boxes on the price chart, visually displaying overbought and oversold zones . Through the settings panel, users can configure the indicator to analyze major and minor fluctuations .

Indicator specification table

The table below outlines premium and trade-in metrics for this product's features and specifications.

Indicator Overview

The Premium Zone indicator identifies the first 50% of a swing move as the Premium zone (pink zone). A price retracement into this area usually signals an opportunity to enter Buy or Sell trades.

Buy Trade Setup

Analyzing the 5-minute Cardano (ADA) chart , clicking the "D" label generates premium and discount zones throughout the swing.

As shown, the indicator marks the area from the start of the move to 50% as high-level territory , making pullbacks into this area a strong buy entry opportunity .

Sell ​​Trade Setup

Based on the 15 minute AUD/USD chart , clicking the "P" label creates the Premium and Discount zones . This indicator identifies swing highs and swing lows and marks the first 50% of the move as advanced areas .

Retracing into the premium zone in this case signals a favorable entry opportunity into Sell trades .

Indicator Settings

The following settings apply to the premium and discount indicators :

• Small Swing: Enable small swing analysis
• Big Swing: Activate major swing analysis
• Opposite Color: Adjust the color of the jagged lines

Conclusion

The automatic premium and discount indicator identifies uptrends and downtrends by generating a zigzag pattern , marking swing highs and lows , and automatically plots premium and discount zones .

This MetaTrader 5 ICT indicator considers the advanced zone of the first 50% of swings , providing traders with clear buy and sell trade zones .

The "P" and "D" labels are clickable and allow the user to generate overbought and oversold areas directly on the chart.