So you probably noticed that there is always a 0.5% line in the middle of a swing structure. It’s not there because it looks cool, no - it has a purpose. Like we all do have in this world. The line with the 50% marked, we call the EQL (equilibrium). Wikipedia: “a state in which opposing forces or influences are balanced.” We use this to spot if price is in premium or in discount.Premium: we sell in premiumDiscount: we buy in discount.
The logic behind this is that we want to buy from the best price as possible.We can take this with for example our orderblocks, where we want to locate them from. If we are searching for longs and our orderblocks are in premium area, we are not going to take the trade.
* This isn’t always the case, it’s more for an extra probability gainer.
Premium: we sell in premium
Discount: we buy in discount
To enable the feature simply head over to the indicator settings.
When you are inside the SMC settings - locate the "Market Structure" section and make sure to check the Discount and Premium line.