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Powermoney Capital's Deviation Bands are used to measure volatility and adjust themselves to the market conditions. When the markets become more volatile, the bands widen (move further away from the average), and during less volatile periods, the bands contract (move closer to the average).

The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply. The closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

The indicator that the Deviation Bands are cacluated from are shown as dots inside and outside the bands. 

You can choose to use any combination of these Indicators:

Our Deviation Bands can be configured to show BUY and SELL signal Arrows (with Audible alerts ) on the chart when the Indicator dots exit the bands (Trend Mode) or re-enter the bands (CounterTrend Mode)

You can optionally show divergence in price vs. INDICATOR value, illustrated by Buy and Sell triangles and lines above/below price bars.