Daily Premium/Discount Map
Each day is defined midnight-to-midnight ET, with levels calculated only from active trading sessions. Holidays and low-liquidity sessions are intentionally ignored to keep the structure clean and relevant.
What’s plotted:
Daily High — Red
Daily Low — Green
Daily Midpoint (Equilibrium) — Gold
Vertical Midnight ET marker to separate trading days
All levels are derived from the true daily range and displayed in a way that keeps price structure easy to read.
Why this indicator?
Quickly identify premium vs discount
Clean daily structure without unnecessary noise
Ideal reference for mean reversion, continuation, and range-based setups
Designed for clarity and execution, not clutter
Best use cases:
Futures and index traders (NQ, ES, YM, RTY, DXY, etc.)
Intraday and short-term swing trading
30-minute charts (works on other intraday timeframes as well)
How I use it:
I use a dedicated chart solely for this indicator on the 30-minute timeframe. This allows me to clearly read the market narrative and determine whether price is trading in a premium or discount relative to the day’s range. Once that context is established, I shift to execution and look only for entries that align with my directional bias.
Important notes:
Uses Eastern Time (ET), which automatically adjusts for daylight saving
Levels are finalized at the start of each new ET day
Holiday and weekend sessions may not produce levels by design
This tool is meant to complement your execution model and risk management — not replace them.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact xnipe directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact xnipe directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.