Premium/Discount Box: The two most recent fractal highs and lows form a premium/discount box that provides valuable information about potential price movements.
Fractal Breaker Lines: Two fractal breaker lines are integrated for the high and low points to better visually represent the break of a fractal point.
Customizable: The genius of this indicator is that you can customize everything to your own needs. Whether you want to display lines, or change the colors of the box or lines, everything is possible.
Automatic Adjustment: Once a fractal point is broken, the premium discount automatically adjusts to the current price. Once a new fractal point is formed, the box is automatically adjusted again.
HTF Analysis: Use this indicator for your HTF analysis and determine in which direction the price could develop.
Premium Discount Box Information: When the price is in the premium range, there is a higher probability of a sell-off. However, if the price breaks upward, there is a good chance that it will continue to rise. The opposite is true for the discount range.
Power Behind Each Move: It is important how the price hits the fractal point. If there is power behind each move, the chances are very good that it will continue in that direction. If there is no real power behind it, it could be an indication of a trend reversal.
Weak Breaks: In the premium range, a weak upward break could lead to a bearish move, and in the discount range, a weak downward break through the fractal low point could lead to a move in the bullish direction.
As you can see, this powerful indicator has many functions that can help you determine trend direction and potential price movements. Quick overview of functions:
Designed for higher timeframes such as 4H chart.
*Identifies the last two fractal highs and lows to create a premium/discount box.
*Includes two fractal breaker lines for the high and low points to better visually represent fractal breaks.
*Customizable to fit individual needs, including the ability to show/hide lines and change box/line colors.
*Automatically adjusts premium/discount levels to current price when a fractal point is broken.
*Can be used for higher timeframe analysis to determine potential price direction.
*Premium/discount box provides insight into potential market direction based on price movement within its range.
*Fractal break with strong market momentum indicates a higher chance of trend continuation.
*Fractal break with weak market momentum may suggest a potential trend reversal.
*A powerful indicator that can greatly assist in determining trend direction.
This script is amazing!!! Please continue to create more indicators.
Jonny86FXPro
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@Peeps_100, Thank you for the positive feedback! I'm glad to hear that you find the script amazing. It's encouraging to know that you're enjoying it. I'll definitely continue working on creating more indicators and adding new features. Your support is greatly appreciated. Thank you!