INVITE-ONLY SCRIPT

GEX Profile [PRO] Real Auto-Updated Gamma Exposure Levels

Mis ร  jour
๐—ฅ๐—ฒ๐—ฎ๐—น ๐—š๐—˜๐—ซ ๐—Ÿ๐—ฒ๐˜ƒ๐—ฒ๐—น๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—ฆ๐—ฒ๐—ฎ๐—บ๐—น๐—ฒ๐˜€๐˜€ ๐—”๐˜‚๐˜๐—ผ-๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐Ÿญ๐Ÿฒ๐Ÿฑ+ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐— ๐—ผ๐˜€๐˜ ๐—Ÿ๐—ถ๐—พ๐˜‚๐—ถ๐—ฑ ๐—จ.๐—ฆ. ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐˜†๐—บ๐—ฏ๐—ผ๐—น๐˜€ (including ๐Ÿฌ๐——๐—ง๐—˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฃ๐—ซ, SPY, QQQ, TLT, IWM, etc...)

๐Ÿ”ƒ Dynamic Updates: Receive precise GEX levels with auto-updating metrics up to 5 times a day throughout the trading sessionโ€”no manual refresh needed!

๐Ÿ’ Strategically Developed: Built by experienced options traders to meet the needs of serious options market participants.

๐Ÿ•’ 0DTE? No Problem!: Designed with 0DTE traders in mind, our indicator keeps you updated with GEX levels and seamless auto-refresh to capture every crucial market shift.

๐Ÿ“ˆ Optimized for Option Traders: See accurate GEX and NETGEX profiles for multiple expirations to maximize strategic potential.

๐Ÿ”ถ Comprehensive GEX Levels
snapshot

This indicator provides unparalleled insight into market dynamics with levels like Call/Put Support, Resistance, HVL (High Volatility Level), and Call/Put Walls. These levels are auto-updated based on live market movements and reflect gamma shifts and volatility signals essential for options traders.

๐Ÿ”ถ Ideal for 0DTE and Multi-Leg Strategies

snapshot

Track essential GEX levels across expirations with our unique Cumulative (โ…€) and Selected Alone (โŠ™) calculation models. Customize your view to reveal high-impact levels across multiple expirations or focus on a specific expiration for a targeted strategy.

๐Ÿ”ถ Coverage of 165+ Highly Liquid U.S. Symbols

Compatible with over 165 U.S. market symbols, including SPX , SPY , QQQ , TLT , GLD , NVDA , and more. The watchlist is expanding continuously to meet the needs of active traders. List of Compatible Symbols Available Here: tradingview.com/watchlists/156511666/


๐Ÿ”ถHow does the indicator work and why is it unique?

This is not just another GEX indicator. It incorporates 15min delayed option chain data from ORATS as data provider, processes and refines the delayed data package using pineseed, and sends it to TradingView, visualizing the key GEX levels using specific formulas (see detailed below). This method of incorporating options data into a visualization framework is unique and entirely innovative on TradingView.

Unlike other providers that only set GEX levels at market open, this indicator adjusts dynamically throughout the day, providing updated insights across the trading day and capturing gamma shifts as the market moves.


_________________________________
-----------------------------------------------
๐ŸŒ‘ ๐—— ๐—ข ๐—– ๐—จ ๐—  ๐—˜ ๐—ก ๐—ง ๐—” ๐—ง ๐—œ ๐—ข ๐—ก ๐ŸŒ‘
-----------------------------------------------
_________________________________

๐Ÿ”ถUnderstanding GEX (Gamma Exposure) and Gamma Profiling

Gamma Exposure (GEX) is a crucial concept in options trading because it reveals how options market positions can influence the dynamics of asset prices. In essence, GEX measures the collective gamma exposure of options market participants, impacting overall market stability and price movements.

๐Ÿ”น What is GEX?
At its core, GEX captures the aggregate impact of gamma, a key options Greek, which tells us how an option's delta changes in response to price movements in the underlying asset. Positive or negative GEX levels can reflect the collective bullish or bearish stance of the market:

  • Positive GEX (far above HVL): Indicates a net bullish positioning by options holders. When GEX is strongly positive, it suggests that as the asset price increases, market participants might need to buy more of the asset to maintain their hedges. This behavior can fuel further upward momentum.
  • Negative GEX (far below HVL): Implies a net bearish positioning. In a strongly negative GEX environment, declines in the asset's price might prompt participants to sell, potentially exacerbating the downward movement.


๐Ÿ”นThe Influence of GEX on Strike Prices and Expiration
A unique feature of GEX is its impact near expiration dates. As options approach expiration, GEX levels can โ€œpinโ€ the price to specific strike levels, where options positions are concentrated. This pinning effect arises as market makers adjust their hedging strategies, often causing the asset price to gravitate towards certain strike prices, where a large volume of options contracts sits.


๐ŸŸจ Overview of our GEX Calculation Models for Options Traders ๐ŸŸจ

Our GEX indicator models were developed with serious options traders in mind, providing flexibility beyond typical GEX providers. We know that using GEX levels for multi-leg strategies, where the underlying doesn't need a strong trend to be profitable, calls for a nuanced approach that aligns with different trading horizons. Hereโ€™s a detailed breakdown of our GEX calculation models and how they support strategic trading across varying timeframes.

Thus, the HVL an orher CALL/PUT WALLS depends on the indicator's selected calculation mode and expiration. The NETGEX profile of the chosen expiration appears on the HVL line, which automatically updates five times during trading hours, except for 0DTE, which reflects the value set at market open.

snapshot

๐Ÿ”ถ Cumulative Expiration (โ…€) Calculation Method

This method aggregates GEX data for all expirations up to the selected date, giving you a more comprehensive view of market dynamics. We recommend using this method, as it allows you to see how combined expirations impact GEX levels, which can be critical when setting up trades with a longer time horizon.

๐Ÿ”ถ Selected Alone (โŠ™) Calculation Method

This option displays the GEX profile specific to only the chosen expiration, providing a unique, time-bound view. This approach is ideal for those seeking precise insight into how an individual expiration is performing without the broader context of other expirations.

๐Ÿ”ถ Example of using calculation methods:

With options trading, especially for multi-leg strategies, choosing the right expiration and calculation model is crucial. Letโ€™s break down an example:

Suppose youโ€™re considering a Friday (4DTE) front-leg diagonal on the SPX at the start of the week. In this case, the focus isnโ€™t strictly on any single expiration (like 0DTE or 4DTE individually), but rather on what might happen cumulatively by Friday across all expirations. Here, the Cumulative Expiration (โ…€) model comes into play, as it shows you an aggregated view of the GEX profile, factoring in all strikes and legs for all expirations leading up to the selected date.

For most use cases, we recommend setting your indicator to the Cumulative (โ…€) model, which provides a broad and insightful look at GEX levels across multiple expirations. However, you can always switch to Selected Alone (โŠ™) for targeted analysis of an individual expiration. Remember, 0DTE defaults to โ€œSelected Aloneโ€, and Every Expiry always shows a cumulative value by default.

_________________________________
-----------------------------------------------
๐ŸŸฆ HVL (High Volatility Level) ๐ŸŸฆ
snapshot

Also known as the Gamma FLIP level or Zero Gamma, it represents the price level at which the gamma environment transitions from positive to negative or vice versa. The High Volatility Level (HVL) is a critical point for understanding gamma shifts and anticipating volatility. This shift influences how market makers hedge their positions, potentially increasing or dampening market volatility.

๐Ÿ”ท Understanding the Gamma Flip and HVL

At its core, the gamma flip represents the point where market makers may transition from a net positive to a net negative gamma position, or the reverse. When prices move above HVL, gamma is positive, often leading to lower volatility due to the stabilizing effects of market makersโ€™ hedging. Conversely, when prices drop below HVL, gamma flips negative, and hedging by market makers can amplify volatility as they trade with the direction of price movements.
The HVL (High Volatility Level) is particularly important as it signals a shift in the impact of price movements on the GEX profile. Using the cumulative calculation mode, GEX values are aggregated across all strikes and expirations up to the selected expiration, helping to pinpoint the point where the GEX curve's slope changes from negative to positive.

๐Ÿ”ทImplications for Traders and Market Makers

For market makers, crossing below HVL into a negative gamma zone means that they hedge in the same direction as price movements, potentially amplifying volatility. For traders, understanding HVL's role is essential to choosing strategies that align with the prevailing volatility regime:
  • Positive GEX ๐ŸŸข:
  • Above HVL, where GEX is positive, market makers hedge by buying stocks as prices fall and selling as prices rise. This has a stabilizing effect, creating a lower-volatility environment.
  • snapshot
  • Negative GEX ๐Ÿ”ด:
  • Below HVL, where GEX is negative, market makers' hedging aligns with price movements, increasing volatility. Here, they buy as prices rise and sell as they fall, reinforcing price direction.
  • snapshot


๐Ÿ”ท HVL as a Momentum and Volatility Indicator

The HVL offers traders insight into potential shifts in market momentum. For example, above HVL, if the price increases, Net GEX also rises, which stabilizes prices as market makers hedge in opposition to price direction. Below HVL, however, a price rise decreases Net GEX, creating conditions where market makersโ€™ hedging amplifies price movements, resulting in a more volatile environment.

HVL also acts as a significant support level, often preceding put supports. If the price falls below this level, traders may expect heightened volatility and increased bearish sentiment.


Knowing the location of HVL is vital for positioning yourself on the right side of volatility. By monitoring the HVL, traders can better anticipate shifts in sentiment and align strategies with prevailing market dynamics.

_________________________________
-----------------------------------------------
๐ŸŸฉ Call Resistance and Call Wall Levels ๐ŸŸฉ

In options trading, understanding GEX levels like Call Resistance and Call Wall levels is crucial for navigating potential price inflection points. Our indicator provides these levels directly on your chart, allowing you to customize and optimize your trading approach. Hereโ€™s a detailed guide to help you understand and use Call Resistance and additional Call Wall levels effectively.

snapshot

๐ŸŸข Call Resistance Level
The Call Resistance Level is a key point where our model indicates heightened Call GEX concentration. This level serves as a potential resistance area where price movement may face a barrier, slowing or even reversing before a breakout. Hereโ€™s how the Call Resistance Level can influence market behavior:
  • Resistance and Price Reversal โฌ‡๏ธ : Similar to the Put Support level, the Call Resistance acts as a "sticky" price level, where upward movement encounters resistance. When the price approaches this level, itโ€™s common for market makers to begin shorting to maintain delta neutrality. This shorting activity, combined with the potential monetization of calls, introduces a technical bearish force in the short term, often causing the price to bounce downward.
  • Upside Acceleration Point โฌ†๏ธ: If investors reposition calls to higher strikes as the price reaches Call Resistance, this level can roll up, allowing the price to push upward and potentially accelerating the rally. This effect can drive the market to higher levels as market makers adjust their positions accordingly.


๐ŸŸข Additional Call Wall Levels
Our model identifies the second and third-highest Call GEX levels, known as additional Call Walls. These levels are often secondary resistance points but hold significance as they add layers of possible resistance or breakout points. They offer similar potential as the primary Call Resistance level, acting as either:
  • Resistance Zones: Slowing the price momentum as it approaches these levels.
  • Inflection Points for Upside Momentum: Allowing for a possible continuation of upward movement if prices break through.


๐ŸŸข How to Trade the Call Resistance Level
To use the Call Resistance level effectively, look for possible price rejections or consolidations as the price approaches this zone. Here are the main scenarios:
  • Bounce to Downside: As the price nears the Call Resistance level, market makersโ€™ delta-hedging activity (through shorting) can turn this level into a short-term bearish force, leading to price pullbacks.
  • Rolling the Position: For bulls, a key objective at the Call Resistance level is to see investors roll their call positions higher, effectively moving the resistance up. This repositioning may lead to incremental price gains as the Call Resistance level rises with each roll.


_________________________________
-----------------------------------------------
๐ŸŸฅPut Support and Put Wall Levels๐ŸŸฅ

In options trading, understanding GEX levels like Put Support and secondary Put Wall levels is essential for managing potential price support points and gauging downside risk. Our indicator places these levels directly on your chart, allowing for customization to enhance your trading strategy. Hereโ€™s a detailed guide to help you leverage the Put Support and additional Put Wall levels effectively.

snapshot

๐Ÿ”ด Put Support Level
The Put Support Level is a key zone where our model shows the highest concentration of negative GEX, representing an area with substantial put option interest. This level functions as a potential support zone, where price may stabilize or bounce upward, or as an inflection point, signaling increased downside momentum. Hereโ€™s how the Put Support Level can affect market behavior:
  • Support and Price Reversal๐Ÿ”บ: Similar to how Call Resistance operates on the upside, the Put Support Level often acts as a "sticky" level on the downside, where price finds support. As the asset price moves closer to this level, market makers begin adjusting their positions, frequently buying to maintain delta neutrality. This activity can create a temporary short squeeze, pushing prices back up.
  • Downside Acceleration Point ๐Ÿ”ป: If the asset continues moving lower, triggering more hedging activity, this level can become a tipping point for accelerated downside momentum.


๐Ÿ”ด Additional Put Wall Levels
Our model also identifies the second and third-highest negative GEX levels, known as secondary Put Walls. These levels are often seen as secondary support points and hold significance by adding layers of support or potential downside inflection points. Like the primary Put Support Level, they can act in two ways:
  • Support Zones: Helping slow price declines as they approach these levels.
  • Downside Inflection Points: Allowing further price decline if the support fails.


๐Ÿ”ด How Investors Hedge with Put Options

Investors commonly use put options to hedge long positions and protect portfolios, especially during times of market stress when implied volatility rises. This demand for puts increases the Put Skew, as market makers short to remain delta hedged.

As prices approach the Put Support Level, the hedging activity often intensifies because more puts become At the Money (ATM) or In the Money (ITM). To realize the value of their hedges, investors typically monetize these puts at this level, triggering the closing of short positions by market makers and resulting in a price bounce.

๐Ÿ”ด The Role of Implied Volatility

Implied Volatility (IV) is also a critical factor since it directly influences market flows. If IV driving put flows decreases, market makers may buy back shorts, which contributes to the bounce at the Put Support Level. Additionally, another Greek, Vannaโ€”representing changes in delta due to IV shiftsโ€”plays a vital role here. As IV changes, Vanna affects delta-hedging adjustments, adding a layer of complexity to understanding market makers' actions around these support levels.

๐Ÿ”ด Possible Price Scenarios at the Put Support Level

When the price reaches the Put Support Level, there are generally two scenarios:
  • Bounce to Upside๐Ÿ”บ: The Put Support Level is where substantial put hedging activity happens. As prices approach, market makers adjust their delta by buying, which can push prices back up.
  • Roll Positions๐Ÿ”ป: After monetizing puts, investors have two options: roll hedges to higher strikes if they expect a bullish move, or open new out-of-the-money puts at lower strikes. If new hedges are set at lower levels, the Put Support level may also shift lower, creating a new bearish force as market makers begin hedging these new positions.



๐ŸŸจ Customizing Put Support/Call Resistance and Put/Call Wall Levels on Your Chart

Our indicator settings provide extensive customization options for displaying Put Support, Call Resistance, and Put/Call Wall levels.

snapshot

You can:
  • adjust the depth to highlight the highest positive or negative NETGEX levels
  • choose to display relative data, show only the colored strike line
  • adjust the offset for enhanced visibility.

This flexibility helps you focus on the critical details that best align with your trading strategy, ensuring a clearer and more tailored view of the GEX levels on your chart.


Currently, we examine the top three levels with the highest positive and negative NETGEX values, allowing you to view seven key GEX levels on your chart (3 Call + 1 HVL + 3 Put). However, in the near future, we plan to expand this to seven levels per side, resulting in a total of up to 15 significant GEX levels on the chart instead of the current 7. This enhancement will cater to all needs, especially benefiting 0DTE traders.

_________________________________
-----------------------------------------------
๐Ÿ”ถ ADDITIONAL IMPORTANT COMMENTS

๐Ÿ”น- Why is there a slight difference between the displayed data and other GEX provider's data like MenthorQ, GammaEdge, SpotGamma, GEXBot, etc?

There are two reasons for this, and one is beyond our control:

๐Ÿ”น (1) Option-data update frequency:

According to TradingView's regulations and guidelines, we can update external data a maximum of 5 times per day. We strive to use these updates in the most optimal way:
(1st update) 15 minutes after U.S. market open
(2nd, 3rd, 4th updates) 1.5โ€“3 hours during U.S. market open hours
(5th update) 10 minutes before U.S. market close.
You donโ€™t need to refresh your window; our latest refreshed data pack is always automatically applied to your indicator. You can see the time elapsed since the last update by hovering over the HVL.

๐Ÿ”น (2) GEX Levels with Intraday Updates Based on Price Movements

The TanukiTrade Options GEX Indicator for TradingView provides open interest data with a 15-minute delay after the market opens. Using this data, we calculate and update the relevant levels throughout the trading day, reflecting almost real-time price changes and gamma values. Unlike other GEX providers, who set their GEX levels solely at market open without further updates, we dynamically adjust our levels intraday to capture significant price shifts.

๐Ÿ”น Automatic & Seamless Intraday Updates and Special Cases

For our indicator, the HVL (High Volatility Level) reflects the selected calculation mode and expiration. We update these NETGEX profiles five times throughout the trading day, with one exception: 0DTE data, which is set at market open and does not update intraday due to the rapid narrowing of gamma levels. Note that similar to other GEX providers, our 0DTE remains fixed at open, while cumulative values update during the day based on almost real-time market movements.


๐Ÿ”นConsistent SPX 0DTE GEX Levels with Morning Open Interest Updates Only

For SPX, the 0DTE (Zero Days to Expiration) options and GEX levels are calculated based on openinterest data provided by the clearinghouse at market open. Due to the exponential narrowing of gamma levels throughout the day, we do not update these levels intraday, unlike other expirations. Therefore, if you select the expiring contract on that day, youโ€™ll see the exact morning level, as it was calculated at market open. This status is also published the previous evening, based on the data available then, so you can already view the levels for the following dayโ€™s 1DTE (next dayโ€™s 0DTE) before market close. After market open, around 15 minutes later, this level is updated with the latest open interest data and remains unchanged for the rest of the day. Other providers take a similar approach. We do not support intraday volume-based GEX calculations, as our benchmarks show this can produce misleading results.


Disclaimer:
Our option indicator uses approximately 15min-3 hour delayed option market snapshot data to calculate the main option metrics. Exact realtime option contract prices are never displayed; only derived GEX metrics are shown to ensure accurate and consistent visualization. Due to the above, this indicator can only be used for decision support; exclusive decisions cannot be made based on this indicator. We reserve the right to make errors.This indicator is designed for options traders who understand what they are doing. It assumes that they are familiar with options and can make well-informed, independent decisions. We work with paid delayed data and we are not a data provider; therefore, we do not bear any financial or other liability.
Notes de version
UPDATES:
- added the preset choice 'First monthly'
- HVL line with is 1 now (instead of 2)
Notes de version
BUGFIXES 2024/11/13:

  • If the manually selected expiry month contained a 0 (e.g., January), the system did not accept the YYYYMMDD format.
  • When the manually selected expiry was combined with the preset 0DTE or every expiry, it did not allow changes to the calculation method.
Notes de version
๐ŸŸจ CHANGELOG 2024/11/16 UPDATE RELEASE ๐ŸŸจ

๐Ÿ”ถ Expanded SPX Support for Extended Trading Hours (0-24 Markets) in PRO

At the request of our users, weโ€™ve expanded the support for the SPX index to include 0-24 derivative markets. You can now chart the following extended-hour SPX exchanges:
  • SPREADEX:SPX
  • CAPITALCOM:US500
  • VANTAGE:SP500
  • PEPPERSTONE:US500
  • ICMARKETS:US500
  • GBEBROKERS:US500
  • FUSIONMARKETS:US500
  • BLACKBULL:US500
  • MARKETSCOM:US500
  • FPMARKETS:US500
  • FOREXCOM:SPX500
  • FX:SPX500
  • EIGHTCAP:SPX500
  • THINKMARKETS:SPX500
  • TRADU:SPX500
  • PHILLIPNOVA:SPX500
  • OANDA:SPX500USD


For these SPX derivatives, we always display the most recent SPX values without any modifications.

The standard support for major SPX indices during regular trading hours remains unchanged, including:
  • SP:SPX
  • CBOE:SPX
  • TVC:SPX


Please note: Since these exchanges derive their SPX data for extended trading hours using methods that are not fully transparent (somewhat different from /ES, but each exchange's spot price also varies), we advise caution when using these charts outside regular trading hours, especially for 0DTE strategies. Users are responsible for making informed decisions when trading during extended hours.




๐Ÿ”ถ NEW SUPPORTED SYMBOLS in PRO

Driven by the needs of our members, the following symbols have been added to the TanukiTrade PRO Options Indicators:
MU AFRM HIMS CELH

New symbol updates will be arrive at monday market open if you've updated your script in tradingview.
Notes de version
New Symbols Added to the Indicator: IBIT MSTR

Additionally, the long-awaited ES1! support has arrived! From now on, all /ES futures will display options data.

Itโ€™s important to note that we are not currently using the /ES options chain directly. Instead, we employ AI-powered mapping from the SPX, the most liquid S&P 500 options chain, and this data is presented in the indicator. For IV data, you will see the SPX chain fully reflected.


Last weekโ€™s test drive showed that this new version significantly supported /ES futures traders, so we are now making it publicly available.
Enjoy it!
Notes de version
Small Bugfixes After the ES Release:

  • Renko and other exotic candle types on intraday charts now function correctly.
  • The manually selected expiration feature has been fixed.
  • For users without paid ES futures data, the script now works properly with delayed data.
Notes de version
๐ŸŸจGEX RELEASE UPDATES 2024/12/03 ๐ŸŸจ

๐Ÿ”ถIMPORTANT zDTE CHANGE:
We now update the 0DTE GEX profiles five times a day on expiration days, just like all other values. This enhancement is tailored for zero DTE SPX traders. Rest assured, the key levels will remain consistent from the market open, but due to the nature of gamma exposure, the 0DTE ranges will naturally narrow as the day progresses.

๐Ÿ”ถ Secondary GEX Levels Added: The indicator now supports displaying additional GEX levels. In addition to the top 3 call walls and top 3 put walls, you can now view four more significant gamma levels: GEX7, GEX8, GEX9, and GEX10.
  • Whether these levels display as call or put walls depends solely on which strikes have the higher absolute net GEX values.
  • If the primary profile is call-dominant, youโ€™ll see additional call walls. If itโ€™s put-dominant, youโ€™ll see additional put walls.

snapshot
๐Ÿ”ถNew Highlighting Feature:
Weโ€™ve added an "Enable Selection Highlight" option to address feedback about visibility when selecting expirations. When enabled, a dotted line matching the GEX dominance color will highlight the chosen expiration, making it clear which expiration's GEX profile is displayed.

๐Ÿ”ถRelated Enhancement:
Our Options Oscillator indicator has now become a complementary tool for the GEX indicator.
snapshot
  • It shows color-coded GEX profiles for individual expirations as bars on the right side.
  • You can also quickly see the overall 0DTE and aggregate net GEX profiles (red for negative, green for positive).

The previously unused space is now repurposed for maximum functionality!

๐Ÿ”ถ New Symbols Supported:
Weโ€™ve added the following symbols to the indicator:
SOXL PBR VALE DELL BBY ZETA JETS
This brings the total number of supported symbols to over 175.
Full compatible list is here: https://www.tradingview.com/watchlists/156511666/

Enjoy the updates, and thank you for your continued feedback and support!
Notes de version
๐ŸŸจ Indicator Update for GEX Levels ๐ŸŸจ

Following feedbacks from the 2 live trading day, we've made an update to improve the GEX experience .

Here is the cheat sheet:

snapshot

To make it easier to navigate the complex world of GEX, weโ€™ve added a dedicated colored arrows (โ–ผโ–ฒ) above for each expiration's NETGEX value in the Options Oscillator, corresponding to the specific HVL level. This dot also functions as a tooltip. With this feature, you can receive real-time updates on possible coming GEX profile changes, even before the NETGEX bar is updated.


For simplicity's sake:
  1. If everything is green, the sentiment is bullish.
  2. If everything is red, the sentiment is bearish.
  3. If the picture is mixed, the tooltip provides guidance.

(Based on both the last known NETGEX and the current price's level relative to HVL.)

๐Ÿ”ถ Hereโ€™s how it works:

Weโ€™ve enhanced the functionality of the green and red dots in the GEX Profile indicator next to HVL. These dots now indicate in real-time whether the underlying stock is above or below the most recently updated HVL (Gamma Flip) level for the expiration. This is particularly useful when there's a quick paradigm shift during the day.

๐ŸŸฃ For example:
snapshot
  1. the NETGEX bars (volume bars in the Options Oscillator) may have been updated just two hours ago with positive NETGEX
  2. but the red arrow (colored arrow โ–ผ ) will notify you of potential changes in CALL/PUT dominance in anticipation of the next update


This provides a faster notification of any potential NETGEX level shifts than waiting for the regular update.


๐Ÿ”ถ Options Oscillator Indicator NETGEX Volume Bars:

The volume bars in the Options Oscillator (on the right) update only 5 times per day, so there may be a discrepancy between the most recent update and a change in sentiment based on the HVL levels, especially for 0DTE. For instance, if the volume bar remains red after the most recent update (say, from 2 hours ago), but the green dot next to the HVL line indicates a sentiment change, it means that the sentiment has shifted, and the volume bar will align with the next update.


๐Ÿ”ถ Improved NETGEX Bar Display:
Weโ€™ve improved the visual representation of the NETGEX bars in the Options Oscillator to make them clearer in both intraday and daily views, reducing any time lag (as much as possible).


๐Ÿ”ถ Tip for 0DTE Traders:
If you wish to use Renko charts intraday (for example, for 0DTE trading), we recommend using a 2-3 minute Renko chart. Our experience shows that this timeframe tends to work well.

Known Issues:

  • There is an ongoing issue with exotic candle types (Renko, etc) where time does not progress linearly on the chart. This creates problems with the data.
  • Additionally, timeframes longer than 1D (such as multi-day or weekly) can cause issues since we cannot access data from intermediate days. Therefore, we recommend using our tools for maximum 1-day timeframes and regular candles.
  • We know that in certain cases, the HVL can obscure individual GEX levels. In the future, we will address this and improve the readability of the levels as well.


We also want to emphasize once again that, compared to the original documentation, we now update the GEX levels of 0DTE day five times throughout the day, just like the other metrics!






Notes de version
๐Ÿ”ถ RELEASE NOTE - GEX levels BUGFIX ROUND ๐Ÿ”ถ

  • If the secondary GEX levels were negative, they were not visible. This issue has now been fixed.
  • The secondary levels are now dotted so they wonโ€™t distract from the more important levels.
  • The /ES futures had issues with the mapping -> now fixed
  • We introduced the linewidth parameter because users of the light theme couldn't see the GEX lines clearly enough.
  • If the HVL coincided with a more important GEX level, it used to completely cover it. Now, the GEX level appears above the HVL line and its price, drawn over it. Let's see how well this works. If I get even half as many panicked support requests about a "disappearing line," this update will have been worth it. (Note: This is not yet a final solution, but it's better than when the important level wasn't visible at all.)
gammagammaexposuregammaflipgammalevelsGEXgexbotmenthorqoptionsoptionstradingPivot points and levelssentimentspotgamma

Script sur invitation seulement

L'accรจs ร  ce script est limitรฉ aux utilisateurs autorisรฉs par l'auteur et nรฉcessite gรฉnรฉralement un paiement. Vous pouvez l'ajouter ร  vos favoris, mais vous ne pourrez l'utiliser qu'aprรจs avoir demandรฉ et obtenu l'autorisation de son auteur. Contactez TanukiTrade pour plus d'informations, ou suivez les instructions de l'auteur ci-dessous.

TradingView ne suggรจre pas de payer pour un script et de l'utiliser ร  moins que vous ne fassiez confiance ร  100% ร  son auteur et que vous compreniez comment le script fonctionne. Dans de nombreux cas, vous pouvez trouver une bonne alternative open-source gratuite dans nos Scripts communautaires.

Instructions de l'auteur

โ€ณ๐ŸŒ ๐—ฉ๐—ถ๐˜€๐—ถ๐˜ [ https://TanukiTrade.com ] For a small monthly fee, you can access our โ€˜PROโ€™ Options toolkit for Tradingview. ๐Ÿ“ข ๐—ง๐—ฟ๐˜† ๐—ณ๐—ผ๐—ฟ ๐—ณ๐—ฟ๐—ฒ๐—ฒ the โ€˜Liteโ€™ versions with a limited number of tickers and experience the power of our tools firsthand.

Vous voulez utiliser ce script sur un graphique ?

Avertissement: veuillez lire avant de demander l'accรจs.

Boost up your charts with Options PRO!

REAL Options metrics for over 165+ liquid US symbols:
โœ” ๐—”๐˜‚๐˜๐—ผ-๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—š๐—˜๐—ซ ๐—น๐—ฒ๐˜ƒ๐—ฒ๐—น๐˜€
โœ” IVRank โœ” CALL/PUT skew โœ” Volatility Skew โœ” Delta curves

๐Ÿ‘‰ 7-day TRIAL ๐ŸŒ TanukiTrade.com
Aussi sur:

Clause de non-responsabilitรฉ