SmoothBrain Deviation Bands

SmoothBrain Deviation Bands & Status Overlay

This indicator implements Dr. Sebastian Purcell's (aka SmoothBrain) 20/40 and 30/60 rules for crypto trading relative to the 200-day SMA. The indicator includes both deviation bands and a status overlay to help traders identify potential market tops.

Key Features:

• Tracks price deviation from 200-day SMA
  
• Large coin thresholds: 20% (warning) and 40% (critical)
  
• Small coin thresholds: 30% (warning) and 60% (critical)
  
• Real-time status overlay with color-coded alerts
  
• Percentage deviation display
  

How to Use:

• Large coins: Consider avoiding entries above 20% and expect potential tops above 40%
  
• Small coins: Consider avoiding entries above 30% and expect potential tops above 60%
  
• Use in conjunction with other technical analysis tools for best results
  

Credit: Original concept by Dr. Sebastian Purcell (SmoothBrain) as part of his Bubble Trading strategy.