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 open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
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 📊
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
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 📊
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.