ST – EQ Bands, VWAP [Soothing Trades]

Short Description
ST – EQ Bands, VWAP plots a smooth equilibrium line, inner and outer volatility bands (R1/S1, R2/S2), and VWAP on your chart. It's a fixed-settings overlay designed to show you fair value, stretch, and reaction zones at a glance, without any configuration.

Full Description
This tool combines three ideas into one clean overlay:
• A SuperSmoother equilibrium line (EQ) built from hlc3
• Two sets of ATR-scaled volatility bands (inner and outer)
• A standard VWAP line
All of them are updated in real time and extended to the left using horizontal line objects.
Core logic
• Source: hlc3 (average of high, low, close).
• The equilibrium line uses a fixed-length SuperSmoother filter (len = 200) to stay smooth but responsive.
• Volatility is measured using a smoothed version of true range (ATR) run through the same SuperSmoother engine.
• Inner and outer ranges are created by multiplying this smoothed ATR by constants, then by π (pi), and offsetting EQ up/down.
From those, the script derives:
• EQ – main equilibrium line.
• R1 / S1 – inner bands around EQ (moderate stretch).
• R2 / S2 – wider outer bands (stronger stretch).
• VWAP – TradingView's built-in volume-weighted average price.
How to read it
When price is near EQ, the market is hovering around its smoothed mean.
When price oscillates between S1 and R1, you're often in a controlled, rotational environment – good for mean-reversion or balanced trend trades.
When price pushes into R2/S2, the move is more extended:
• In slower regimes this can flag exhaustion / fade zones.
• In strong trends it can highlight powerful continuation swings where pullbacks toward inner bands are opportunities.
VWAP adds another layer:
• Price relative to VWAP vs EQ tells you if the market is leaning with or against where most volume has transacted.
• EQ + VWAP confluence can mark important "fair value" hubs or flip zones intraday.
Visual design
• EQ line (thicker) to stand out as the core reference.
• Inner bands (R1/S1) as subtle, nearby bands.
• Outer bands (R2/S2) as a dashed, more distant envelope.
• VWAP as its own line with distinct color and width.
• All lines extend left from the most recent bar so structure remains visible when you scroll back.
Inputs
This version is intentionally hard coded for simplicity and consistency:
• No user inputs in the panel; all key parameters (length, multipliers, colors, extension) are pre-tuned.
• Just add it to your chart and start reading the structure.
• (Advanced users can adjust internals directly in the code if they want to experiment, but that isn't required.)
Use cases
• Quickly see when price is compressed vs stretched.
• Frame trades around: EQ crosses and retests, Reactions at inner bands, Extreme moves into outer bands, VWAP alignment or divergence.
• Use as a higher-timeframe context tool in combination with your own entries and execution signals.
Notes & disclaimer
• Works across most symbols and timeframes supported by TradingView Pine Script v6.
• For educational and analytical use only. Not financial advice or a trading signal service.
• Always test and manage your own risk before using any indicator live.