ForzAguanno - Premium / Discount (Range Glissant)

Premium / Discount Zones – Dynamic Range (Fibo-based)

This indicator highlights Premium, Discount, and Equilibrium zones using a dynamic Fibonacci range calculated from recent price action.

It is designed to help traders contextualize price and avoid taking trades in unfavorable locations (e.g. buying too high or selling too low).

- How it works

The indicator automatically:

- Detects the highest high (HH) and lowest low (LL) over a rolling range
- Builds a Fibonacci-style structure between LL → HH
- Defines three key areas:

Discount Zone (lower part of the range)
Equilibrium Zone (around the 50% level)
Premium Zone (upper part of the range)

Two additional extreme levels are used:

0.075 → deep discount
0.925 → deep premium

These levels help isolate areas where price is statistically stretched.

- Visual elements

- Horizontal levels:

- Green → Discount
- Purple → Equilibrium
- Red → Premium

- Text labels are placed inside each zone for instant readability.
Zones are extended into the future for cleaner visualization.

- How to use it

This tool is best used as a context filter, not a standalone signal generator.

Typical use cases:

Look for longs in Discount
Look for shorts in Premium
Use Equilibrium as a neutral / decision zone

Combine with structure, momentum, or entry models

It works particularly well with:

Market structure concepts
Smart money / range-based trading
Session-based strategies

⚠️ Important notes

This indicator does not predict direction
It provides context, not signals
Always combine with proper risk management

Final thoughts

The goal of this indicator is simplicity and clarity:
Know where price is located inside its range before taking a trade.

If you find it useful, feel free to share feedback.