Premium & Discount ICT Indicator for MT5 Download - Free - [TradingFinder]

The Premium and Discount Indicator plots a zigzag line to account for minor market trends and identify premium and discount zones.

The Premium and Discount Indicator is a MetaTrader 5 liquidity indicator used to pinpoint entry points and set Take Profit (TP) and Stop Loss (SL) levels.

It is designed for minor trends, with the “D” and “P” labels placed at price lows and highs, respectively. Clicking these labels draws the zone boxes.

Premium and Discount Indicator Specifications Table

The table below contains the details and specifications of the Premium and Discount Indicators:

Buy Position in an Uptrend

The 30-minute NZD/USD pair chart shows premium and discount zones with blue and pink boxes.

As the trend moves towards higher price levels, a return to the Premium Zone offers an ideal buy entry point.

Sell Position in a Downtrend

In Chainlink's (LINK) 5-minute chart, premium and discount zones are drawn along the bearish leg.

Returning to the pink box (Premium Zone) provides a suitable sale opportunity.

Premium and Discount Indicator Settings

The image below displays the Premium and Discount Indicator settings panel:

• Opposite Color: Change the zigzag line color

Conclusion

The Premium and Discount Indicator is an ICT indicator for MetaTrader 5 that highlights premium and discount zones within minor trends.

This tool visualizes these zones with colored boxes and marks the 50% trend level, helping traders identify entry points and set Take-Profit (TP) and Stop-Loss (SL) levels.