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!
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.