Edo Premium Discount

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Premium, Discount and Equilibrium Zones from Confirmed Swing Structure

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Access: Free & open source
Manual: PDF · 14 languages
Tutorial: Video · English
Published: Aug 2026

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Edo Premium Discount answers one question: inside the range price is moving in, is it trading expensive or cheap? It takes the current dealing range, defined by the most recent confirmed swing high and swing low, and splits it into three zones: premium, the upper half, expensive, marked in red as a sell zone; discount, the lower half, cheap, marked in teal as a buy zone; and equilibrium, the central band around the 50% midpoint, marked in grey. A dashed line marks the exact 50% level, and a compact panel shows the current zone, the position of price in the range as a percentage, and the range high and low. The idea comes from Smart Money Concepts: accumulate in discount, distribute in premium.

Features

Dealing range built from the most recent confirmed swing high and swing low, using pivot detection on the chart's own timeframe
Three shaded zones: premium in red for the upper half, discount in teal for the lower half, and equilibrium in grey around the midpoint
Dashed line marking the exact 50% level of the current range
Compact panel showing the current zone, the position of price in the range as a percentage, and the range high and low
Three swing profiles: Scalper for intraday, Swing (the default) for 4H and daily, and Long Term for weekly and wide horizons
Adjustable Equilibrium Band width, set as a half-width percentage of the range around the 50% midpoint
Adjustable Extend Right and Zone Opacity, plus a panel with configurable position and size
No internal multi-timeframe and no repainting: the range is fixed by confirmed swings on the chart's own timeframe

Use Cases

Checking whether price is trading expensive or cheap inside its current dealing range before acting on a setup
Reading the position of price in the range as a percentage for context on pullbacks and extensions
Watching the equilibrium band around the 50% midpoint as the zone where price often reacts before committing to a direction
Framing accumulation in discount and distribution in premium, the classic Smart Money Concepts reading of a dealing range
Switching swing profile to match the trading horizon, from intraday scalping to weekly and wide-horizon analysis

Configuration

Edo Premium Discount allows full configuration of Swing Profile (Scalper, 5 bars each side; Swing, 10, the default, ideal for 4H and daily; or Long Term, 21, for weekly and wide horizons), Equilibrium Band (default 5.0% of range, half-width, so the band spans 45-55%), Extend Right (default 10 bars) and Zone Opacity (default 88), plus panel position (default Top Right) and panel size (default Small). Three alerts are available: price entered Premium, price entered Discount, and price entered Equilibrium.

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Risk Warning

Trading involves risk. This indicator is an analysis tool and does not constitute financial advice, investment recommendations, or trading signals. The user is solely responsible for their trading decisions.