ES-VIX Daily Price Bands - Inner and Outer

ES-VIX Daily Price Bands
This indicator plots dynamic intraday price bands for ES futures based on real-time volatility levels measured by the VIX (CBOE Volatility Index). The bands evolve throughout the trading day, providing volatility-adjusted price targets.
Formulas:

Upper Band = Daily Low + (ES Price × VIX ÷ √252 ÷ 100)
Lower Band = Daily High - (ES Price × VIX ÷ √252 ÷ 100)

The calculation uses the square root of 252 (trading days per year) to convert annualized VIX volatility into an expected daily move, then scales it as a percentage adjustment from the current day's extremes.
Features:

Real-time band calculation that updates throughout the trading session
Upper band (green) extends from the current day's low
Lower band (red) contracts from the current day's high
Inner upper band (green) at 50% of expected move
Inner lower band (red) at 50% of expected move
Middle Inner upper band (green) at 80% of expected move
Middle Inner lower band (red) at 80% of expected move
Outer upper band (green) at 150% of expected move
Outer lower band (red) at 150% of expected move
Shaded zone between bands for visual clarity
Information table displaying:

Current ES price and VIX level
Running daily high and low
Current upper and lower band values