Smart Deviation Trend Bands PRO + MTF Filter

Smart Deviation Trend Bands PRO + MTF Filter

This advanced version of Smart Deviation Bands gives you everything you need to catch cleaner trend bounces and avoid fake signals.

🔹 Classic deviation bands with 1, 2 and 3 standard deviations
🔹 Dynamic SMA line with clear trend coloring
🔹 Built-in multi-timeframe trend filter (MTF)
🔹 Signals only appear when they align with the higher timeframe trend
🔹 Ready-to-use alerts for bullish and bearish bounces

How it works

The script plots classic standard deviation bands around a dynamic Simple Moving Average (SMA). The three bands (1, 2 and 3 standard deviations) help you spot different levels of pullbacks or extensions relative to the trend.

A built-in multi-timeframe filter checks the trend on a higher timeframe (HTF). A signal appears only when a bounce aligns with the bigger trend:

Bullish bounce: Price crosses up from the lower deviation band while the HTF trend is up.

Bearish bounce: Price crosses down from the upper deviation band while the HTF trend is down.

Signal markers

🟢 Green circle: Bullish bounce — price crossing up from lower band with HTF uptrend
🔴 Red circle: Bearish bounce — price crossing down from upper band with HTF downtrend

How to use

Works on any market (crypto, stocks, forex).

Works on any timeframe — the filter can use any higher timeframe you choose (for example, H4, 1D, 1W).

Fully adjustable settings: SMA length, standard deviation multipliers, and filter timeframe.

Combine this with your strategy to filter out fake breakouts and trade in line with the bigger trend.

⚠️ Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always test any strategy thoroughly and trade at your own risk.