This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v6 · Own pane
Gamma Hedging Pressure (Proxy)
Calculates a proxy for options gamma hedging pressure by combining ATR-normalized candle range, price acceleration, and volume participation normalized by a volume moving average.
GitHub stars7on the repository
Pine versionv6current
Lines of code99
Settings4inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
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
The smoothed pressure metric is plotted as a color-coded histogram in a separate pane. Crossings above or below a user-defined threshold classify the market into negative gamma (trend or breakout), positive gamma (mean reversion), or neutral regimes, with optional daily session resets and background color coding.
- Normalized range and volume calculation
- Price acceleration tracking
- Options gamma regime classification
- Color-coded histogram with session reset option
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands, Volume
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Length | int | 14 | lenATR |
| Volume MA Length | int | 20 | lenVol |
| Gamma Threshold | float | 0.5 | gammaThresh |
| Reset on New Session | bool | true | useSessionReset |
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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