We introduce a new two-variable polynomial invariant of strongly involutive links, uniquely characterised by equivariant skein relations and naturally viewed as an equivariant analogue of the HOMFLY–PT polynomial. We prove that a specialisation of recovers the graded Euler characteristic of the third page of the Lobb–Watson -filtration spectral sequence, generalising Couture’s polynomial invariant. We further show that, after a change of variables, reduces modulo to the HOMFLY–PT polynomial, up to an explicit power of the skein variable, thereby answering a generalized form of a question of Couture. We use the resulting skein relations to distinguish infinitely many pairs of alternating mutant knots, and show that is strictly stronger than the refined Lobb–Watson invariants on infinitely many strongly invertible knots.

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