Gamma Exposure (GEX) Levels - JMerc567Here's how to use it effectively:
Setting Up (Daily Pre-Market Routine)
Get your GEX data from one of these free/paid sources:
SpotGamma — best for SPX/SPY
Market Chameleon — free options data
SqueezeMetrics — DIX/GEX for SPY
Then open the indicator Settings and fill in:
Field What to enter
Gamma Flip Strike The price where dealers flip from positive to negative gamma
Call Gamma Wall Strike with the most call open interest / highest positive gamma
Put Gamma Wall Strike with the most put open interest / highest negative gamma
Levels L1–L8 Other high-OI strikes you want to watch
Reading the Dashboard
Regime (most important):
POSITIVE GEX (price above flip) → dealers are short gamma → they buy dips and sell rips → expect mean reversion, low volatility, price pinning near strikes
NEGATIVE GEX (price below flip) → dealers are long gamma → they buy drops and sell bounces acting as amplifiers → expect trending, higher volatility, larger moves
Environment label:
PINNING (low vol) — price tends to gravitate toward high-OI strikes, great for range strategies
TRENDING (high vol) — price can move fast and far, momentum strategies work better
Dist to Flip % — how far price is from the regime change level. Under 0.5% = watch closely.
Key Levels
Call Gamma Wall (green line) = strong resistance — dealers hedge by selling as price approaches
Put Gamma Wall (red line) = strong support — dealers hedge by buying as price drops here
GEX Flip (yellow dashed) = the most important level — crossing it signals a regime change
Alerts
Set these up via TradingView's Alert dialog (clock icon):
GEX Regime Change — flip cross, potential trend shift
Price Near Flip ±0.25% — watch for acceleration or reversal
Price Near Call/Put Wall — key S/R test incoming
High-Volume GEX Event — diamond marker on chart, potential unpin
Tips
Update levels daily pre-market — GEX resets on each expiration (especially 0DTE Fridays)
The GEX Proxy oscillator (in the dashboard) is volume-based — not real GEX, but useful as a directional bias confirmation
On opex weeks (monthly expiration), GEX effects are strongest Indicator
AlgoStorm Gamma Exposure Levels (GEX-L)AlgoStorm Gamma Exposure Levels (GEX-L)
A high-performance options market structure visualization tool designed to map total Gamma Exposure (GEX) profiles, Call Walls, Put Walls, and Gamma Flips directly onto your charts using custom-pasted external options chain inputs.
The AlgoStorm Gamma Exposure Levels (GEX-L) indicator is designed for active index and futures traders who track institutional options positioning to map structural support, resistance, and volatility inflection boundaries. It translates raw options chain metrics into actionable on-chart structural lines. By default, it supports mapping across SPX (cash index), ES/MES futures, and SPY ETF charts through localized scaling engines.
CRITICAL DATA INPUT REQUIREMENT — READ BEFORE LOADING
This indicator DOES NOT come with an automatic or built-in options data feed. It operates as a blank visualization engine. To use it, you must copy a standardized 11-value comma-separated (CSV) data string from your external options data provider and paste it manually into the "GEX Data" field inside the indicator settings. The script parses this input to draw static levels for your trading session. It will remain empty until you provide data.
Technical Architecture: Anti-Overlap Stagger Pipeline
Traditional horizontal level indicators frequently suffer from visual clutter and illegible text labels when key options strikes or walls cluster tightly together. To bypass this platform constraint, this script utilizes an advanced multi-array sorting and layout engine:
True Price Isolation: Horizontal level lines are drawn strictly at their accurate options execution strikes, extending across your historical chart data.
Permutation Sorting Pass: The execution engine takes all active inputs and dynamically sorts them from lowest price to highest price on every new market tick.
Algorithmic Staggering Array: A secondary layout pass evaluates the vertical proximity of text tags in your chart margins. If adjacent tags fall below your user-defined point-separation threshold, the text labels are mathematically shifted away from each other along the Y-axis. This ensures that every price label remains completely readable without altering the true location of the price lines.
Features & Functionality
Multi-Tiered Level Layouts: Maps primary macro anchors (Primary Call Wall CW1, Primary Put Wall PW1, and Gamma Flip) using heavy line styling, alongside up to four distinct secondary levels (CW2–CW5 and PW2–PW5) for deeper context into out-of-the-money open interest.
Intelligent Symbol Scaling Engine: Built-in auto-scaling logic bridges index options structure with retail trading instruments. When toggled to SPY mode, the script automatically scales your pasted SPX options data by dividing values by 10 to perfectly align with your ETF chart grid.
Luminance-Sensing Contrast Badges: Features customizable label styles, including a modern solid badge layout. The script calculates the relative luminance of your chosen level colors to automatically determine whether to render black or white text on top of the background badge, preventing visual washout.
Opaque Visibility Overrides: Built with an explicit alpha channel stripping mechanism. Secondary levels can be configured with dimmed, low-opacity line styles to keep your main chart clean, while their text tags remain 100% opaque and sharp inside the margin.
Dynamic Trapped Zone Fills: Renders a background color cloud across the macro zone separating the primary Call Wall and Put Wall. The background dynamically transforms its color state depending on whether the current market price is safely insulated inside the wall boundaries or breaking out into high-volatility territory.
Indicator
Risk Exposure Compass [AGPro Series]Risk Exposure Compass
🧠 Core Idea
Is the current chart exposing the trader to balanced risk, or is price already stretched, blocked, or too early?
📌 Overview / What it does
Risk Exposure Compass is a chart-first risk planning tool designed to evaluate the current exposure quality of a setup before the trader treats it as actionable.
Instead of printing generic buy or sell signals, the script studies ATR stretch, range position, distance from the exposure mean, trend maturity, target-edge room, and invalidation distance. These components are converted into a 0-100 Risk Exposure Score and a clear next-action state.
The script produces a risk compass band, invalidation shelf, target-edge guide, exposure heat labels, alerts, and a clean AGPro planning panel. It does not predict price direction, automate execution, calculate position size, or guarantee that a setup will follow through.
🎯 Purpose & Design Philosophy
This script was built for traders who want to ask a practical pre-decision question: is the chart still offering clean exposure, or has the move become too stretched to evaluate cleanly?
The gap it fills is different from a manual risk/reward visualizer, position planner, or risk runway tool. Risk Exposure Compass focuses on the current chart location itself: how far price is from mean, how mature the move is, whether volatility load is normal, whether target room is open, and whether invalidation distance is controlled.
The design supports a disciplined review mindset. It helps users avoid treating every active move as equal by separating balanced exposure, watch context, stretched risk, blocked room, and reset conditions.
⚡ Why This Script Is Different
Most tools focus on entries, support/resistance zones, take-profit ladders, or manual risk/reward boxes.
This script does NOT build a full trade plan, does NOT calculate position size, does NOT create a TP ladder, and does NOT become a dashboard-only stress meter.
Instead, it draws a live risk compass directly on the chart and scores whether the current price location is balanced, extended, blocked by nearby target structure, or too early for clean planning.
⚙️ Methodology
1. Context Detection
The script reads automatic long-side or short-side exposure using mean and trend context, or lets the user force the exposure side manually.
2. Reference Mapping
It maps an exposure mean, active range, structural invalidation shelf, target-edge obstruction, and a projected compass band.
3. Reaction Evaluation
The model scores five core components: ATR stretch, range position, distance from mean, trend maturity, and target obstruction. Invalidation distance and volatility load refine the final state.
4. Visual Output
The output is shown through a centered compass band label, invalidation and target guide lines, compact exposure labels, deterministic alerts, and a premium AGPro panel.
🗺️ How to Read the Chart
Zones = the risk compass band where price is considered more balanced relative to the active exposure mean.
Labels = compact state markers showing BALANCED, WATCH, STRETCHED, BLOCKED, or RESET context.
Colors = teal marks cleaner exposure, pink marks blocked or failed context, amber marks stretched risk, and indigo marks watch or transition states.
Panel = the panel summarizes Exposure State, Risk Score, Volatility Load, Distance Risk, and Action.
🚦 Signals & States
• BALANCED → exposure is inside the compass band with a strong enough score.
• WATCH → exposure quality is developing but not yet clean enough for balanced status.
• STRETCHED → price is extended from mean, late in range position, volatility is overloaded, or invalidation distance is too wide.
• BLOCKED → nearby target-edge room is limited relative to current exposure.
• RESET → the chart is early, unclear, or below the minimum quality threshold.
🔔 Alerts Logic
Alerts trigger when exposure moves into BALANCED, WATCH, STRETCHED, BLOCKED, or RESET state.
These alerts are attention markers. They are not trade instructions, entry signals, exit signals, or automated strategy commands.
🧩 Confluence Logic
The strongest exposure context appears when ATR stretch is controlled, price is not at an extreme range edge, distance from mean is balanced, trend maturity is not too early or too late, and target room remains open.
When these conditions align, the Risk Exposure Score rises and the panel state becomes easier to interpret.
📊 When to Use
• Before evaluating a discretionary setup
• During pullbacks or pauses where risk location matters
• Around continuation attempts after a trend has already moved
• Before breakouts where price may already be extended
• When comparing whether one chart has cleaner exposure than another
⚠️ When NOT to Use
• Extremely low-liquidity symbols
• Very noisy micro-timeframes
• News-driven volatility spikes
• Non-standard chart types that distort candle range and ATR behavior
• Situations where the user expects a signal-only entry tool
🎛️ Key Inputs
• Exposure Side → controls Auto, Long Exposure, or Short Exposure evaluation.
• Range Lookback → defines the range used for price-location scoring.
• ATR Length → normalizes stretch, distance risk, target room, and label offsets.
• Exposure Mean EMA → defines the mean used for the compass band and distance scoring.
• Target Obstruction Lookback → controls how nearby target-edge room is estimated.
• Invalidation Shelf Lookback → controls the structural invalidation reference.
• Sensitivity → adjusts how strict the exposure model is.
• Visual settings → control compass band, guides, candle heat, labels, panel location, theme, and font sizes.
🖥️ Interface & Visual Design
The interface is built around one primary chart object: the risk compass band.
The panel follows the AGPro public-release standard with one merged blue header row containing only the script name. The rows are kept compact so the tool stays readable without becoming dashboard-heavy.
Labels are intentionally short, offset away from candles, and controlled with cooldown and maximum-visible settings.
🧪 Practical Usage Workflow
1. Read the panel Exposure State and Risk Score.
2. Check whether price is inside, below, or beyond the risk compass band.
3. Review Distance Risk to see whether invalidation is controlled, fragile, or too wide.
4. Check target-edge room before treating exposure as clean.
5. Use alerts as review prompts, not as automated trading instructions.
🔍 Interpretation Guidelines
A high score means the chart is closer to balanced exposure according to the script's rule-based model.
A low score means price may be too early, too stretched, blocked by nearby structure, or unclear relative to mean and range position.
The best interpretation comes from reading score, state, volatility load, distance risk, and target room together instead of relying on one label.
🚫 What This Script Is NOT
• Not a prediction engine
• Not financial advice
• Not auto trading
• Not guaranteed signals
• Not a position sizing calculator
• Not a manual risk/reward visualizer
• Not a take-profit ladder
⚠️ Limitations & Transparency
The model is rule-based and depends on recent structure, ATR, moving averages, candle range, and target-edge mapping.
Different timeframes can produce different exposure states because range, trend maturity, and invalidation shelves change with timeframe.
Fast volatility expansion can move the script quickly from balanced to stretched, while low-volatility environments can keep exposure in reset or watch state for longer.
No rule-based tool can know a user's actual execution plan, account risk, broker rules, or broader market thesis.
🧠 Market Context Notes
Risk exposure is not the same as direction.
A chart can be bullish but stretched, bearish but blocked, or directionally interesting while still offering poor exposure quality.
This script is designed to keep that distinction visible.
🧾 Use Case Examples
When price is above the exposure mean, inside the compass band, with controlled invalidation distance and enough target room, the panel can shift toward BALANCED.
When price accelerates far beyond the compass band with hot volatility and a late range position, the script can mark STRETCHED risk.
When price is close to a prior target edge and the room score is weak, the script can mark BLOCKED even if the broader trend still looks strong.
🧱 System Philosophy
The AGPro approach is to turn chart information into structured decision context.
Risk Exposure Compass follows that approach by converting price location into a cleaner review framework: mean, range, volatility, invalidation, target room, score, and next state.
🔐 Non-Promise Statement
This script does not provide certainty.
It does not guarantee that balanced exposure will lead to follow-through.
It only organizes current chart conditions so exposure quality is easier to review.
📉 Risk Disclosure
Trading involves risk.
Users are responsible for their own analysis, execution, risk management, and decisions.
This script is for educational and analytical purposes only and does not provide financial advice.
📚 Educational Note
Use the tool to study how price moves from reset to watch, from watch to balanced, and from balanced to stretched or blocked as market context changes.
Indicator
Swap Engine - Pair Rotation (Z-Score) [AGPro Series]Swap Engine - Pair Rotation (Z-Score)
🔷 OVERVIEW
Swap Engine - Pair Rotation (Z-Score) transforms the log-ratio between two correlated crypto assets into a disciplined tier ladder decision framework. Rather than signalling single-asset direction, the engine measures how stretched one pair has become relative to its rolling mean and proposes rotation between the two assets when the spread reaches statistically meaningful extremes. Every decision is evaluated on confirmed Engine TF bar close, keeping suggestions non-repainting under the configured execution model.
🟣 UNIQUE EDGE
Unlike single-symbol mean-reversion or trend indicators, this engine treats the ratio itself as the tradable variable and pairs it with a full operational stack: a tiered exposure ladder (T0 to T3), an Integrity Gate that blocks entries when the pair relationship deteriorates, a Trend Regime filter that respects persistent one-sided moves, and a confirm-first execution model that converts raw signals into auditable decisions. A dedicated Signal Quality score (Q 0-100) and Integrity Score (IN 0-100) make every suggestion inspectable, not a black box.
🟢 METHODOLOGY
The engine fetches the closing price of Pair A and Pair B on the chosen Engine TF, computes the log-ratio L = ln(A / B), then derives a rolling z-score using user-defined lookback length. Entry thresholds (Z1, Z2, Z3) define the three tiers of exposure; exit thresholds (hysteresis) define when each tier is scaled back. A cost filter requires the expected mean-reversion edge to exceed a configurable multiple of estimated roundtrip cost before any entry is allowed. The Integrity Gate continuously validates rolling return correlation, ratio drift, and spread-volatility expansion, halting new entries when the pair relationship degrades.
🟡 SIGNALS & ALERTS
Each signal renders as a clearly tagged label on chart showing the action type (ENTRY / EXIT), source tier, target tier, direction (A->B or B->A), z-score snapshot, delta %, and Reason Code. Alerts are provided for: entry and exit events per direction, pending lifecycle (created, confirmed, skipped, expired), trend regime activation edges, duplicate suppression, and configuration warnings. All alerts fire on Engine TF bar close to remain consistent with the visible suggestions.
⚙️ KEY INPUTS
Pair A / Pair B: the two assets to rotate between (same quote currency recommended).
Engine TF: timeframe used for all ratio, z-score, and decision logic (240 / 4H default).
Lookback: bars used for rolling mean and standard deviation.
Entry Z1/Z2/Z3, Exit Z1/Z2/Z3: tiered thresholds for scaling in and out.
Tier Sizing (T1 / T2 / T3 %): rotation size per tier as a percentage of the active pool.
Trade Profile: preset gate behavior (Conservative, Balanced, Aggressive, Volatile Alt, High-Cost, Custom).
Integrity Gate: correlation, drift, and volatility expansion filter with configurable minimum score.
Execution Model: ASSUME (auto-advance), CONFIRM (pending + manual commit), or SIGNAL_ONLY (display only).
🔵 HOW TO USE
Start on the default BTCUSDT vs ETHUSDT pair on 4H Engine TF with the Balanced profile. Keep the chart timeframe equal to or lower than the Engine TF (the script warns otherwise). Watch the status panel for the current tier, direction, confidence strip (Q / IN / PH), and next action preview. In CONFIRM mode, a PENDING card appears when a signal fires; increase CONFIRM +1 to commit the rotation state, or SKIP +1 to discard. Use the Trade Profile dropdown to tighten or loosen effective gates without changing your base inputs.
🟠 LIMITATIONS & TRANSPARENCY
This is an indicator, not a strategy; no orders are placed and no backtest statistics are produced. Signals reflect statistical extremes in the pair's log-ratio and do not guarantee mean reversion. Performance depends heavily on pair selection - assets with persistent trends, broken correlation, or structural regime changes can cause extended adverse periods. The Integrity Gate mitigates but does not eliminate this risk. Costs, slippage, tax, and execution details are the user's responsibility; the Min Edge x filter is an estimate, not a realized-cost guarantee. Always validate on your own pair, timeframe, and account conditions before relying on any suggestion.
🔴 RISK DISCLOSURE
Trading and rotating between crypto assets involves substantial risk, including loss of capital. Past or simulated behavior of the ratio does not guarantee future results. This tool is shared for educational and analytical purposes only and does not constitute financial, investment, or trading advice. Users are solely responsible for their own decisions and should consult a qualified professional before committing capital. Indicator
Indicator
Portfolio HeatThe "Portfolio Heat" indicator offers a visual representation of potential risk exposure for a portfolio across up to eight different symbols. It dynamically calculates three risk metrics based on current price, the number of shares owned, your designated stop loss, and total account size.
Open Dollar Risk – the total dollar amount you will lose if your stop loss is hit.
Open % of Portfolio Risk – the risk as a percentage of your total account size.
Starting Capital Risk – the dollar amount risked based on the difference between the entry price and stop price.
These metrics adjust in real-time, allowing you to monitor and manage risk more effectively.
Open portfolio heat refers to how much you would lose if all your currently held stock positions hit their stop-losses, whether those stop-losses are below what you paid for them - referred to as your “cost basis” - at your cost basis (breakeven) or above your cost basis (in the money). Admittedly, it’s a pretty bad day when all your stops are hit at once, but as traders we need to prepare for the worst. To visualize what “open heat” looks like on a single stock position, please note the chart below:
In the example above you can see that if you were to purchase 100 shares of this stock at a cost-basis of $18/share, and your stop-loss is placed at $15, if the current price of the stock is at $20 and the stock price drops to hit your stop-loss, it would result in a $500 total drawdown in your portfolio. Keep in mind this is just one stock position. Hypothetically, if you were even holding two stocks that had the above open heat, with a $10,000 account size, you could experience a 10% drawdown quite fast if the market corrects.
The “Portfolio Heat” indicator is fully customizable allowing traders to select the number of positions in the portfolio, colors and a detailed or a summary view of risk.
Note if entering a short position, you will enter the number of shares owned as a negative number.
Indicator
Indicator Based Market Exposure (IBME)The Indicator Based Market Exposure (IBME) system was created by Big Wave Chartist as a way to navigate the markets using a confluence of three different signals to determine when the "internals" of the market are in your favor and how heavily invested to be at any point. The idea of the system is also to flash warning signs when the market internals are beginning to deteriorate so as to take a defensive stance. Of course this system can be strictly adhered to, or it can be incorporated into a more discretionary style of trading, and be combined with progressive exposure into (and out of) the market as positions gain (or lose) traction.
The IBME displays a straightforward action signal based on the combination of the 3 separate signals:
Green 🟢 Full size-longs permitted
Yellow 🟡 Pilot positions permitted
Red 🔴 No longs allowed
So let's get into the signals used:
McClellan Summation Index
Net New Highs/Lows
Net New Highs Crossover
McClellan Summation Index (MSI)
The McClellan Summation Index is a long-term version of the McClellan Oscillator, which is a market breadth indicator based on stock advances and declines. Interpretation is similar to that of the McClellan Oscillator, except that it is more suited to intermediate to major trends and related reversals. The McClellan Summation Index can be calculated as the sum of all the daily values of the McClellan Oscillator. This is used along with the 10-sma to watch for a crossover indicating an uptrend or downtrend beginning.
Net New Highs/Lows
This is the net number of stocks making 52-week highs or lows. For instance, if there are 60 new 52-week highs and 20 new 52-week lows, the net number will be 40 net new 52 week highs. This signal is particularly useful in gauging breadth.
Net New Highs Crossover
This is the description of NNHC from the original separate version of this indicator created by HikoStory: "Net New Highs can guide you to increase or decrease your exposure based on the current market health. They are calculated by subtracting the new highs from the new lows, based on all stocks of the...NASDAQ. A positive value shows that the market is doing good, since more stocks are making new highs compared to new lows. A negative value shows that the market is doing bad, since more stocks are making new lows compared to new highs. Combined with a moving average you can see crossovers that can warn you early when there is a change in the current market health."
The default index for the IBME is the Nasdaq.
The IBME is meant to be used on a daily time frame chart, therefore the signal will only show on a daily time frame chart.
Display options include:
Show/hide individual signals
Table background/font color
Table size/placement
Indicator
NNFX Exposure UtilityOVERVIEW
This tool allows the user to manually keep track of how much of their account is currently exposed to each currency, and keep that information handy and organized on the chart as a table.
It is specialized for NNFX traders who are trading all the pairs among the 9 major currency crosses: AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD.
HOW DO I USE THIS INDICATOR?
Before you take a trade, you should open the indicator settings for this indicator and check off which currencies you are about to go long and short on. Here are 3 trades taken as examples:
If you go long on EUR/USD with 2% risk, your exposure is 2% long on EUR and 2% short on USD.
Then if you go short on GBP/SGD with 2% risk, your exposure is 2% short on GBP and 2% long on SGD.
But if you go long on SGD/JPY with 2% risk, your exposure would now be 4% long on SGD and 2% short on JPY. This is against your rules if you are trading the NNFX way. So this tool allows you to see when you are about to accidentally overexpose yourself to any currency pair.
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