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.