Technical Indicators for MetaTrader 5
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MetaTrader 5
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Overview
Premium and Discount PDA ICT Indicator for MT5
The Premium and Discount Indicator for MetaTrader 5 is a liquidity-based tool that tracks short-term market movements using a zigzag pattern. It highlights premium and discount zones, assisting traders in identifying optimal entry points and setting Take Profit (TP) and Stop Loss (SL) levels.
This indicator is specifically designed to detect minor market shifts, placing a "D" at significant lows and a "P" at key highs. By clicking these markers, traders can automatically generate premium and discount zone boxes on their charts.
«Indicator Installation & User Guide»
MT5 Indicator Installation | Premium and Discount ICT Indicator MT4 | ALL Products By TradingFinderLab | Best MT5 Indicator: Refined Order Block Indicator for MT5 | Best MT5 Utility: Trade Assistant Expert TF MT5 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT5 | Money Management: Easy Trade Manager MT5 | Trade Copier: Free Fast Local Trade Copier MT5
Specifications of the Premium and Discount Indicator
Below is a breakdown of the key features of this indicator:
| Category | ICT - Liquidity - Levels and Zones |
| Platform | MetaTrader 5 |
| Skill Level | Advanced |
| Indicator Type | Continuation |
| Timeframe | Multi-timeframe |
| Trading Style | Scalping - Intraday |
| Market | All Markets |
Overview of the Premium and Discount Indicator
The Premium and Discount Indicator plots colored boxes on the price chart to differentiate premium and discount zones. It automatically marks the area from the start of a price movement to its 50% retracement level as the Premium Zone, regardless of whether the trend is bullish or bearish.
Buy Setup in an Uptrend
In a 30-minute NZD/USD chart, the indicator highlights premium and discount regions using distinct colored boxes. Within an uptrend, when the price retraces into the Premium Zone, it often signals a high-probability buying opportunity.
Sell Setup in a Downtrend
On a 5-minute Chainlink (LINK) chart, the indicator maps premium and discount areas along a bearish price movement. When the price returns to the Premium Zone, it often presents a strong sell setup.
Premium and Discount Indicator Settings
The indicator includes several adjustable parameters to enhance usability. One of the key settings is:
- Opposite Color: Allows users to modify the zigzag line color.
Conclusion
The Premium and Discount PDA ICT Indicator is a powerful ICT-based tool for MetaTrader 5 that helps traders visualize premium and discount zones within minor market trends. By displaying key areas on the chart and marking the 50% retracement level, this tool enables traders to refine their entry points and accurately set Take Profit (TP) and Stop Loss (SL) levels.
