Premium & Discount

OHLC Expansion Map Premium & Discount

The Premium & Discount display mode is a simplified visual framework that allows traders to quickly identify whether price is in a "Buy Zone" or a "Sell Zone" relative to its historical expansion behavior.

How it Works

Instead of showing multiple Resistance and Support zones, this mode collapses the levels into two primary blocks:

1. Premium Zone (Blue/User-Defined)

• Definition: The area starting from the Resistance 1 (Manipulation) area up to the Resistance 2 (Distribution) extreme.
• Logic: When price enters this zone, it is historically "expensive" relative to its open. Institutional algorithms often look to distribute (sell) here.
• Trading Action: Look for bearish reversals (MSS, FVG closure, Sweeps) to target the Open or the Discount zone.

2. Discount Zone (Green/User-Defined)

• Definition: The area starting from the Support 1 (Manipulation) area down to the Support 2 (Distribution) extreme.
• Logic: When price enters this zone, it is historically "cheap" relative to its open. Institutional algorithms often look to accumulate (buy) here.
• Trading Action: Look for bullish reversals (MSS, FVG closure, Sweeps) to target the Open or the Premium zone.

Why use this mode?

• Clarity: Reduces chart clutter by focusing only on the high-probability institutional interest areas.
• Bias Confirmation: If your higher-timeframe bias is bullish, you should wait for price to reach the Discount zone before looking for entries.
• Targeting: Use the opposing zone as a primary take-profit area for expansion trades.

Settings

You can customize the colors for both Premium and Discount zones in the Settings group under Display Mode.