Smoothed VWAP Bands
This indicator is a smoothed version of the VWAP (Volume Weighted Average Price) with dynamic standard deviation bands. Unlike the classic VWAP that resets at each session, it uses a 200-period volume-weighted SMA on a rolling window, giving it smoother price levels that adapt in real time to actual market flow.
It calculates three separate VWAPs — based on close, high and low — forming a central zone that represents the true market equilibrium over the calculation window. Around this zone, standard deviation bands (×2 multiplier by default) define extension areas where price is statistically outside its fair value.
It calculates three separate VWAPs — based on close, high and low — forming a central zone that represents the true market equilibrium over the calculation window. Around this zone, standard deviation bands (×2 multiplier by default) define extension areas where price is statistically outside its fair value.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.