Daily Premium/Discount Map

This indicator plots Daily High, Daily Low, and Daily Equilibrium (midpoint) using a New York (ET) calendar day, giving traders a clear and consistent view of premium and discount price zones.

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.