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.

Zone Visualization

• Show Premium and Discount Zones?:
  This parameter determines whether the Premium, Discount and Equilibrium zones will be displayed on the chart. Activating it allows you to see these key areas for your trades.

Propiedades Generales de los Rectángulos

• 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.