OPEN-SOURCE SCRIPT
Smart Deviation Trend Bands PRO + MTF Filter
📌 Purpose
This indicator combines multi-level Deviation Bands (±1, ±2, ±3 standard deviations from SMA) with a Higher Timeframe (HTF) Trend Filter.
It helps traders identify potential bounce and breakout setups aligned with the dominant market trend.
🧠 How It Works
1. Deviation Bands
SMA(Length) is calculated as the centerline.
Standard deviations (±1, ±2, ±3) define multiple dynamic support and resistance zones.
Outer bands (±3) often mark overextended zones; inner bands (±1, ±2) show active trading areas.
2. HTF Trend Filter
A higher timeframe SMA (HTF SMA) acts as a trend confirmation tool.
Default filter timeframe: 1 Day.
Trend Up: Price > HTF SMA
Trend Down: Price < HTF SMA
3. Entry Signals
Long Signal: Price crosses above lower deviation band (+1) when HTF trend is UP.
Short Signal: Price crosses below upper deviation band (−1) when HTF trend is DOWN.
4. Visuals & Alerts
Bands plotted in red (upper) and green (lower).
Centerline = SMA in blue.
HTF SMA in orange.
Circles on chart mark entry points; alerts trigger automatically.
📈 How to Use
In trending markets: Trade with the HTF direction, using band touches for entries.
In mean-reversion setups: Outer bands can be used to spot potential overbought/oversold zones.
Combine with volume or price action for confirmation.
Recommended Timeframes: 1h, 4h, D.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
SMA Length
StdDev Multiplier 1 / 2 / 3
HTF Timeframe (default: D1)
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before live trading.
This indicator combines multi-level Deviation Bands (±1, ±2, ±3 standard deviations from SMA) with a Higher Timeframe (HTF) Trend Filter.
It helps traders identify potential bounce and breakout setups aligned with the dominant market trend.
🧠 How It Works
1. Deviation Bands
SMA(Length) is calculated as the centerline.
Standard deviations (±1, ±2, ±3) define multiple dynamic support and resistance zones.
Outer bands (±3) often mark overextended zones; inner bands (±1, ±2) show active trading areas.
2. HTF Trend Filter
A higher timeframe SMA (HTF SMA) acts as a trend confirmation tool.
Default filter timeframe: 1 Day.
Trend Up: Price > HTF SMA
Trend Down: Price < HTF SMA
3. Entry Signals
Long Signal: Price crosses above lower deviation band (+1) when HTF trend is UP.
Short Signal: Price crosses below upper deviation band (−1) when HTF trend is DOWN.
4. Visuals & Alerts
Bands plotted in red (upper) and green (lower).
Centerline = SMA in blue.
HTF SMA in orange.
Circles on chart mark entry points; alerts trigger automatically.
📈 How to Use
In trending markets: Trade with the HTF direction, using band touches for entries.
In mean-reversion setups: Outer bands can be used to spot potential overbought/oversold zones.
Combine with volume or price action for confirmation.
Recommended Timeframes: 1h, 4h, D.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
SMA Length
StdDev Multiplier 1 / 2 / 3
HTF Timeframe (default: D1)
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before live trading.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。