Gamma Exposure Levels [BackQuant]: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Gamma Exposure Levels [BackQuant] displays All-Expiry HVL, Call Resistance, Put Support, 0DTE HVL, Call, Put, Zero Gamma, Max Pain, Expected Move, and Flip Zones. Users can enable or disable each level and assign colors. The script parses the input text to extract price levels. It draws directly on the price chart for gamma exposure analysis.

GEX Levels
High Volume Levels
Zero Gamma
Max Pain
Expected Move

Details

Published by

majohnst on GitHub

Code credit

BackQuant, as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

gex_levels.pine

Repository

github.com/majohnst/TradingView. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Paste GEX Levels Data	`text`		`txt`
HVL	`color`	`color.yellow`	`color_hvl`
	`bool`	`true`	`show_hvl`
Call Resistance	`color`	`color.green`	`color_call_res`
	`bool`	`true`	`show_call_res`
Put Support	`color`	`color.red`	`color_put_sup`
	`bool`	`true`	`show_put_sup`
0DTE HVL	`color`	`color.orange`	`color_0dte_hvl`
	`bool`	`true`	`show_0dte_hvl`
0DTE Call	`color`	`color.lime`	`color_0dte_call`
	`bool`	`true`	`show_0dte_call`
0DTE Put	`color`	`color.fuchsia`	`color_0dte_put`

Show all 40 settings

Setting	Type	Default	Variable
	`bool`	`true`	`show_0dte_put`
Zero Gamma	`color`	`color.aqua`	`color_zero_gamma`
	`bool`	`true`	`show_zero_gamma`
Max Pain	`color`	`color.white`	`color_max_pain`
	`bool`	`true`	`show_max_pain`
Expected Move	`color`	`color.gray`	`color_exp_move`
	`bool`	`true`	`show_exp_move`
Flip Zones	`color`	`color.purple`	`color_flip_zones`
	`bool`	`true`	`show_flip_zones`
Show GEX Levels 1-10	`string`	`0DTE`	`select_lvl`
GEX #1	`color`	`color.blue`	`color_top1`
	`bool`	`true`	`show_gex1`
GEX #2	`color`	`color.blue`	`color_top2`
	`bool`	`true`	`show_gex2`
GEX #3	`color`	`color.blue`	`color_top3`
	`bool`	`true`	`show_gex3`
GEX #4	`color`	`color.blue`	`color_top4`
	`bool`	`true`	`show_gex4`
GEX #5	`color`	`color.blue`	`color_top5`
	`bool`	`true`	`show_gex5`
GEX #6	`color`	`color.blue`	`color_top6`
	`bool`	`true`	`show_gex6`
GEX #7	`color`	`color.blue`	`color_top7`
	`bool`	`true`	`show_gex7`
GEX #8	`color`	`color.blue`	`color_top8`
	`bool`	`true`	`show_gex8`
GEX #9	`color`	`color.blue`	`color_top9`
	`bool`	`true`	`show_gex9`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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