OPEN-SOURCE SCRIPT

Gamma Exposure Levels by OMG (Oh My Gamma)

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OMG (Oh My Gamma) - Daily GEX Levels
An operational framework for Gamma analysis with daily data.

Indicator's Purpose & Demo Data
This indicator plots key strategic levels derived from Gamma Exposure (GEX) analysis. It showcases the operational logic of OhMyGamma analytical engine.

IMPORTANT: The levels plotted by this public script are based on a past date's snapshot for demonstration purposes. They are not valid for live trading and will not update automatically.

The real edge comes from using the fresh data structure provided daily.

How to Read the Levels
This indicator is designed to provide actionable intelligence, not just data. Here's how to read it:

  • The Levels: Each line represents a key strategic zone (Zero Gamma, Call/Put Walls, etc.) where a market reaction is statistically probable due to dealer hedging flows.
  • Line Thickness = Strategic Importance: The thickness of each line directly corresponds to its strategic rating. Thicker, solid lines represent higher-conviction zones.
  • Labels & Tooltips: Hover over a level's label on your chart to see its full description, confluences, and strategic rating.


Pro Tip: The Power of Confluence
This indicator is not a standalone "system". It's an institutional-grade intelligence layer. Its predictive power increases exponentially when used to find confluence with your own analysis.

The highest-probability trades occur when a key Gamma level aligns with:

Price Action: Key support/resistance zones, order blocks, or liquidity pools.

Volumetric Indicators: High/Low Volume Nodes (HVN/LVN) from Volume Profile, VWAP, and Anchored VWAP.

Use these levels to confirm your setups and gain the conviction to act.

How to Get the Daily Updated Script
This indicator requires a new Pine Script code each day to load the current session's data.

To get the daily updated code feel free to visit ohmygamma.com

Feedback & Suggestions
This tool is built for the community. Suggestions for improvements and new features are highly welcome and help the project evolve. Feel free to get in touch via the contact form on the website.

Disclaimer: This tool is for informational and educational purposes only. Trading involves significant risk. The authors assume no responsibility for any trading decisions.

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