LEARNING TO USE THE ICT-SMC CONCEPTS INDICATOR – PART 2: PREMIUM DISCOUNT ZONES AND BUFFER CONFIGURATION

Premium and Discount zones are fundamental in the ICT system, as they indicate ideal areas to buy or sell. In this section, I explain how to configure and customize these zones in the ICT-SMC Concepts indicator..

General Properties of Rectangles

• Fill Rect of Premium and Discount Zones?:
  Defines whether the rectangle representing each zone (Premium, Discount or Equilibrium) will have a colored background. When this parameter is activated, the zones will be filled in, which may facilitate their visual identification.

• Fill Rect of Premium and Discount Zones? = false.

• Premium and discount zone rectangle style:
  Allows you to select the line style of the outline of the rectangles that delimit these zones. see post: Types of lines in MT5

Configuración Específica de Cada Zona

Zona Discount:

• Discount Zone Rectangle Color:

  This color defines the fill or border (depending on the configuration) of the rectangle representing the Discount zone.

• Discount Zone Text Color:

  This parameter sets the color of the text accompanying the Discount zone, making it easier to read and identify on the chart.

Zona Premium:

• Premiun Zone Rectangle Color:

  Defines the color of the rectangle that marks the premium zone, an area normally considered ideal for sales.

• Premiun Zone Text Color:
  Set the text color in the Premium zone. 

Zona Equilibrium:

• Equilibrium Zone Rectangle Color:

  This parameter sets the color of the rectangle for the Equilibrium zone, representing a balance point between buyers and sellers.

• Equilibrium Zone Text Color:

  Allows you to define the color of the text in the Equilibrium zone, facilitating the visual identification of this key level.