Automatic Premium and Discount ICT Indicator MT5
- Indikatoren
- Eda Kaya
- Version: 1.11
Automatic Premium and Discount ICT Indicator MT5
Developed based on the ICT trading framework, the Automatic Premium and Discount ICT Indicator MT5 assists traders in identifying key Premium and Discount zones within major price movements. It marks crucial Swing Highs and Swing Lows with “P” and “D” symbols, making it easier to recognize potential trading zones.
By selecting the “P” and “D” markers, traders can activate visual overlays on the chart that highlight areas of potential overbought and oversold conditions. Additionally, the indicator’s settings panel allows users to tailor the analysis for both minor and major price swings.
Indicator Features
Here’s a detailed breakdown of the Automatic Premium and Discount ICT Indicator MT5 specifications:
Feature | Details |
Category | ICT - Liquidity - Market Structure |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Trade Type | Reversal - Trend Continuation |
Timeframes | Multi-timeframe Support |
Trading Style | Scalping - Intraday Trading |
Market | Forex, Stocks, Crypto |
Indicator Functionality
This tool identifies the first 50% retracement of a price swing as the Premium zone (highlighted in pink). Many traders use this level to evaluate potential Buy or Sell opportunities when price revisits this zone.
Buy Setup Example
On a 5-minute Cardano (ADA) chart, selecting the "D" marker reveals the Premium and Discount levels across the price swing.
The indicator maps out the first half of the upward price movement, defining this area as the Premium zone. When the price retraces into this range, it signals a possible Buy entry point.
Sell Setup Example
On a 15-minute AUD/USD chart, activating the “P” label displays the Premium and Discount levels for a given price movement.
The indicator marks Swing Highs and Lows, identifying the initial 50% retracement as the Premium zone, which may indicate a high-probability Sell entry when price revisits this region.
Customization Options
Traders can personalize the indicator using the following settings:
- Small Swing: Enables detection of minor price movements
- Big Swing: Activates analysis for major price swings
- Opposite Color: Adjusts the zigzag line color for better visibility
Conclusion
The Automatic Premium and Discount ICT Indicator MT5 is a powerful tool designed to simplify market structure analysis by automatically detecting Swing Highs and Lows and plotting key Premium and Discount zones.
Built for MetaTrader 5, this ICT-based indicator categorizes the first 50% retracement of a price movement as the Premium area, helping traders identify high-probability entry and exit points. With its interactive “P” and “D” markers, users can instantly highlight Premium and Discount zones on their trading charts, enhancing decision-making and improving trade precision.