Daily SD Levels - Indicator
Logo "Daily SD Levels - Indicator"
06/08/2025
2
Desktop
Since 16/07/2025
Jualan
2
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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.

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