CandelaCharts - Premium & Discount

📝 Overview

Premium and Discount are key concepts in ICT (Inner Circle Trader) trading strategies, used to pinpoint ideal entry and exit points in the market. These concepts are based on an understanding of market structure and the behavior of institutional traders, commonly referred to as Smart Money.

To understand the Premium and Discount zones, it's crucial to first grasp the concept of the equilibrium level, also known as the basic or fair value. The equilibrium represents the midpoint of a given price range and acts as a reference point, dividing the range into Premium and Discount zones.

The equilibrium reflects the "fair value" of the price within the considered range. Traders use this as a benchmark to assess whether the current price is in the Premium or Discount zone.

The Premium zone lies above the equilibrium level, while the Discount zone is located below it within the price range.

📦 Features

• Swing-based detection
  
• Custom detection
  
• Modes
  
• Styling
  

⚙️ Settings

• Range: Determines how you will identify Premium and Discount, either by swing points or by custom date.
  
• Mode: Controls what UI will be displayed
  
• Premium: Sets the Premium color
  
• Discount: Sets the Discount color
  
• Equilibrium: Sets the Equilibrium color
  
• Labels: Controls the labels visibility
  

⚡️ Showcase

Pro Mode

Solid Mode

Outlined Mode

Flat Mode


The Indicator can be effortlessly applied in replay mode to highlight premium and discount zones based on the most prominent market swings.



🚨 Alerts

The indicator does not provide any alerts!

⚠️ Disclaimer

Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.