Real-Time Gamma Exposure Levels and Sentiment for Tradovate via TradingView

Custom Indicators
1

Hi everyone,

I wanted to share another tool I have been working on.

Gamma exposure data is not natively available within Tradovate, but because Tradovate can be connected with TradingView, I have built a way to display gamma exposure levels for both indices and individual assets directly on the chart.

Unlike many existing gamma indicators that rely on static or delayed values or being updated only few times per day, the version I worked on is designed to update in real time and can be adjusted for different asset types and indices and different expiration date.

The indicator plots key support and resistance levels derived from gamma exposure and also includes sentiment information directly on the chart for easier interpretation.

The main idea is to combine the gamma regime with the important levels:

• In a positive gamma environment, price often behaves in a more controlled and mean-reverting way, so the levels can be used as areas where price may stabilise, reject or rotate.

• In a negative gamma environment, price can become more directional and volatile, so breaks of key gamma levels may be more likely to accelerate rather than immediately reverse.

The purpose is not simply to show gamma numbers, but to translate the data into a practical chart-based framework that can help identify likely support, resistance, volatility conditions and directional bias.

I will add a few screenshots below showing how the levels and sentiment analysis appear on the chart.

If anyone is interested or would like more information, please contact me at timmfain@gmail.com

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2

this is just happening now in real time. Notice how price initially respects the Gamma level. Under normal circumstances, it acts as a strong support wall. However, with Net Volume Gamma Exposure (GEX) remaining negative, once that level is broken, the market quickly accelerates lower as volatility expands.

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3

This is cool @Tim_Fain! I am curious how you access realtime data in TradingView? When I researched this they didn’t have any capability to fetch data externally. Nice work!

4

Hi Dave,

Thanks for your note. Yes it is what you are saying but the very raw data can be used and that I what I used to do all the calculations. I have maths background and I needed to calculate some differential equations and etc. trying to add the Delta and Vanna as well later on.

5

Yes, but what I am asking is if the realtime options data is available directly from TradingView? And then you build code to render the gamma levels using that source?

6

Yes but not that straightforward as getting the volume of a security. It is a raw exposure of strike values on each side of the call and put. Hope this helps.