Daily SD Levels - Indicator
Indicator
4 purchases
Version 1.0, Aug 2025
Windows, Mac
5.0
Reviews: 1
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.
Indicator profile
5.0
Reviews: 1
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Customer reviews
August 8, 2025
it gives context without making the decision, but the chart still needs a human read.
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Since 16/07/2025
5
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