Daily SD Levels – Dynamic VWAP-Based Standard Deviation Bands

The Daily SD Levels indicator plots dynamic VWAP (Volume-Weighted Average Price) and Standard Deviation Bands (+1/+2 and -1/-2) calculated over the current trading day.

This tool helps traders visually assess intraday volatility, potential support/resistance zones, and price extremes, all based on actual market volume and price action – not fixed or arbitrary levels.

Key Features:

• VWAP Line for intraday fair value tracking.
• +1/+2 and -1/-2 SD Bands to identify overbought/oversold zones.
• Levels reset daily, adapting to each session’s price and volume dynamics.
• Optimized for Renko, Range Bar, and Intraday Trading.
• Built for traders who need clarity and dynamic price zones.

This indicator is perfect for:

• Mean reversion setups.
• Identifying stretched moves for possible reversals.
• Visual confirmation of breakouts beyond statistical boundaries.

No clutter. Just clean, responsive levels that move with the market.