Premium & Discount ICT Indicator for MT4 Download - Free - [TradingFinder]

The Premium and Discount Indicator creates a zigzag line to consider minor trends and map out premium and discount zones.

This MetaTrader 4 level indicator is designed based on the ICT trading methodology and facilitates identifying entry points and set Take Profit (TP) and Stop Loss (SL) levels.

Unlike the automatic premium and discount indicator in MT4, the Premium and Discount Indicator can only map areas for minor trends.

The "D" label is placed at lows, and the "P" label is placed at price highs. The premium and discount zone boxes are drawn by clicking on these labels.

Premium & Discount Indicator Specifications Table

The table below contains the specifications of the Premium and Discount Indicator, including market type, suitable timeframes, and more:

Buy Position in an Uptrend

In analyzing the GBP/USD currency pair in a 5-minute timeframe, the premium and discount zones are displayed using blue and pink boxes.

Since the trend tends to rise toward higher price levels, a return to the Premium Zone presents a suitable opportunity for buy trades.

Sell Position in a Downtrend

Based on the Solana (SOL) cryptocurrency chart on a 15-minute timeframe, a return to the Premium Zone provides an optimal opportunity for sell trades after forming a bearish leg.

As shown in the image below, traders can define premium and discount areas for all minor trends.

Premium and Discount Indicator Settings

The following image illustrates the settings panel of the Premium and Discount Zones Indicator:

• Opposite Color: Change the zigzag line color

Conclusion

The Premium and Discount Indicator is one of the ICT indicators for MetaTrader 4. It is designed to define premium and discount zones for minor trends.

The ICT Premium and Discount Zones Indicator maps these areas using color-coded boxes and identifies the 50% trend level.

The marked zones help traders recognize entry points and define Take Profit (TP) and Stop Loss (SL) levels.