Daily SD Levels - Indicator
Indicator
4 purchases
Version 1.0, Aug 2025
Windows, Mac
5.0
Reviews: 1
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Since 16/07/2025
5
Sales

Description

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.

Summary

AI summary
The Daily SD Levels indicator plots an intraday Volume-Weighted Average Price (VWAP) line along with dynamic standard deviation bands (+1/+2 and -1/-2) calculated from the current trading day’s price and volume data. These bands adjust daily to reflect the session’s price and volume dynamics, providing traders with visual tools to assess intraday volatility, identify potential support and resistance zones, and recognize price extremes based on actual market activity rather than fixed levels. Key features include a VWAP line for tracking fair value, dynamic standard deviation bands to highlight overbought or oversold conditions, and daily resetting levels that adapt to each trading session. The indicator is optimized for use with Renko charts, Range Bars, and intraday trading styles. It is designed to assist traders in mean reversion setups, spotting stretched price moves that may reverse, and confirming breakouts beyond statistical boundaries. The indicator offers clean, responsive levels that move with the market to enhance clarity in dynamic price zone analysis.
Indicator profile

Customer reviews

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.

Discussion

FAQ

Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Since 16/07/2025
5
Sales