Automatic Premium and Discount Indicator

Overview

An advanced ICT-based MT4 indicator that automatically plots Premium and Discount zones.
Uses Swing Highs and Swing Lows to determine trend direction and calculate zone boundaries.
Displays “P” and “D” labels on swings—clicking them instantly draws the pink (Premium) and blue (Discount) areas with a clear 50% midpoint line.
Simplifies market structure analysis and helps traders identify optimal retracement entries.

How It Works

In an uptrend, the area from swing origin to the 50% line becomes the Premium Zone (favorable buy retracement area).
In a downtrend, the same logic is applied in reverse to mark best sell retracement zones.
The indicator creates a clean box showing both zones, allowing fast decision-making.
Helps traders follow ICT concepts such as market structure, fair value levels, and optimal trade entries.

Key Benefits

Automatically identifies major and minor swings.
Eliminates manual zone marking and reduces chart clutter.
Allows instant zone creation by clicking the P or D labels.
Provides a high-accuracy visual guide for retracement entries.
Useful for intraday, scalping, and multi-timeframe analysis.

Buy & Sell Trade Usage

Buy Setup: When price returns to the pink zone during an uptrend, traders can look for discounted buy entries.
Sell Setup: In a downtrend, return to the Premium zone offers potential sell opportunities.
Works seamlessly on Forex, Crypto, Stocks, and Indices.

Settings

Small Swing: Enables detection of minor swing points.
Big Swing: Activates major swing analysis.
Opposite Color: Adjusts the zigzag line color for clarity.

Conclusion

A simple yet powerful ICT liquidity tool for MT4.
Provides automatic Premium/Discount zones based on accurate swing analysis.
Helps traders identify high-value entry areas and understand trend-based market structure visually.
Ideal for ICT, SMC, intraday, and scalping traders seeking quick, clean market analysis.

Input Settings & Controls

Variable Descriptions

1. SmallSwing

Indicates whether the condition for a small swing is active. Used to determine if small swing logic should be applied.

2. BigSwing

Represents whether the condition for a big swing is active. Helps the system decide when to apply big swing logic or calculations.

3. OppositColor

Defines the color used to mark or highlight signals or elements that represent the opposite direction or opposite swing.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

Risk Disclaimer

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We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
Users may utilize the software and tools for paper trading or strategy evaluation only.
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Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.