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Smoothed VWAP Bands

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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.

Penafian

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