OI: Premium Discount Band
A deceptively simple band that upgrades your entries by forcing better prices. Powered by PD Engine — Value Axis + Adaptive Range.
Premium Discount Band helps you stop chasing and start entering at advantageous prices. Don’t be fooled by how simple it looks — there’s a lot going on under the hood to keep the zones relevant as conditions shift. The goal is straightforward: if you consistently enter at a better price, you improve your odds of profit even when you’re not perfectly right on direction. Use it as a context layer for execution — not as a magic signal.
Built for readable states and repeatable workflows — not indicator overload.
Designed to improve timing and decision quality while keeping the chart clean.
Sensible controls grouped logically — start with defaults, then tune for your market and session habits.
Access is managed via originalindicators.com — purchase, submit your TradingView username, and you’ll be added to the invite-only list.
A smoothed centerline (value axis) that the bands expand/contract around
Inner band zones for ‘fair’ premium/discount pricing
Optional outer zones for extremes when conditions stretch
A stable visual framework that stays readable across assets/timeframes
Decide direction using your normal bias/context tools first.
Use Discount zone for long ideas and Premium zone for short ideas (better location, less chase).
Treat touches/re-entries as *location*, then confirm with your execution model before triggering.
Best for
- Cleaner entries
- Reduced chasing
- Better risk placement
- Mean-reversion and pullback execution
Not ideal for
- Trading it as a standalone ‘buy/sell’ system
- Blindly fading strong trend without context
- Calc timeframe (if you want a steadier or faster band)
- Range model + range length (how reactive the bands feel)
- Inner vs outer zones (keep it simple at first)
Avoid over-tuning early
Start with defaults, learn the states, then tune for your main market and session habits. The edge comes from consistent execution, not constant parameter chasing.
Is this just a Bollinger Band?
No. It may look simple, but it’s not a basic volatility wrapper. It’s a pricing framework built around a dynamic value axis with adaptive behaviour under the hood.
Can I trade it as a crossover strategy?
You shouldn’t. This is an entry-location and pricing tool — direction comes from your bias/context, then the band helps you execute at better prices.
Works across assets and timeframes — best used as a decision layer alongside your execution model.
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