OPEN-SOURCE SCRIPT
SD Levels + EMA
SD Levels + EMA
Overview:
The SD Levels + EMA indicator combines volatility-based standard deviation levels with dual EMA signals to help traders identify potential breakout zones, overextended regions, and trend shifts. It overlays key market structure levels directly on the chart, giving a clear visual roadmap of intraday and daily strength zones.
🧠 Core Features
1. Standard Deviation Levels (SD Module)
Calculates volatility using annualized standard deviation from the selected source (hlc3 by default).
Automatically plots:
Settlement level
±0.33 SD, ±0.66 SD, ±1 SD, ±1.33 SD, ±1.66 SD, ±2 SD bands
Optionally displays:
Previous day’s high/low
Current day’s running high/low
These levels help spot volatility extremes, mean reversion zones, and breakout potential.
2. EMA Module
Plots two customizable EMAs (default = 5 and 10 periods).
Highlights bullish/bearish crossovers with clear up/down triangles.
Generates alerts for crossover events.
Includes an optional $-spaced grid (default $25) with user-defined levels above and below current price.
3. Visual & Utility Options
Optional info table showing:
Current Price
EMA 5
EMA 10
Real-time trend direction (Bullish ↑, Bearish ↓, Neutral)
Lightweight, non-repainting logic optimized for intraday timeframes.
User-friendly inputs to toggle each module independently.
⚙️ Recommended Use
Combine SD zones with EMA crossovers to confirm volatility-based breakouts or fade reversions near extremes.
The extended ±SD ladder helps traders map confluence areas between volatility expansion and EMA momentum.
🛠 Customization
Adjust SD sensitivity via level toggles and settlement source.
Modify grid spacing, number of levels, and EMA periods.
Enable/disable tables, labels, and individual components to match your charting style.
📢 Alerts
🔔 Bullish EMA Cross: EMA 5 crosses above EMA 10
🔔 Bearish EMA Cross: EMA 5 crosses below EMA 10
⚡ Summary
A hybrid indicator that merges volatility-based structure (SD levels) with trend-based momentum (EMA crosses)—ideal for traders who want to visualize both mean-reversion zones and trend continuation opportunities within a single tool.
Overview:
The SD Levels + EMA indicator combines volatility-based standard deviation levels with dual EMA signals to help traders identify potential breakout zones, overextended regions, and trend shifts. It overlays key market structure levels directly on the chart, giving a clear visual roadmap of intraday and daily strength zones.
🧠 Core Features
1. Standard Deviation Levels (SD Module)
Calculates volatility using annualized standard deviation from the selected source (hlc3 by default).
Automatically plots:
Settlement level
±0.33 SD, ±0.66 SD, ±1 SD, ±1.33 SD, ±1.66 SD, ±2 SD bands
Optionally displays:
Previous day’s high/low
Current day’s running high/low
These levels help spot volatility extremes, mean reversion zones, and breakout potential.
2. EMA Module
Plots two customizable EMAs (default = 5 and 10 periods).
Highlights bullish/bearish crossovers with clear up/down triangles.
Generates alerts for crossover events.
Includes an optional $-spaced grid (default $25) with user-defined levels above and below current price.
3. Visual & Utility Options
Optional info table showing:
Current Price
EMA 5
EMA 10
Real-time trend direction (Bullish ↑, Bearish ↓, Neutral)
Lightweight, non-repainting logic optimized for intraday timeframes.
User-friendly inputs to toggle each module independently.
⚙️ Recommended Use
Combine SD zones with EMA crossovers to confirm volatility-based breakouts or fade reversions near extremes.
The extended ±SD ladder helps traders map confluence areas between volatility expansion and EMA momentum.
🛠 Customization
Adjust SD sensitivity via level toggles and settlement source.
Modify grid spacing, number of levels, and EMA periods.
Enable/disable tables, labels, and individual components to match your charting style.
📢 Alerts
🔔 Bullish EMA Cross: EMA 5 crosses above EMA 10
🔔 Bearish EMA Cross: EMA 5 crosses below EMA 10
⚡ Summary
A hybrid indicator that merges volatility-based structure (SD levels) with trend-based momentum (EMA crosses)—ideal for traders who want to visualize both mean-reversion zones and trend continuation opportunities within a single tool.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.