WHAT IT DOES:
GammaOrderBook maps gamma exposure (GEX) levels directly on your
NinjaTrader chart — the same structural reference points institutional
desks watch every session. Designed for 1H timeframe structural analysis
on ES, NQ, M2K and GC.
WHAT I’M LOOKING FOR IN TESTERS:
Active NinjaTrader 8 users
Trade ES or NQ futures (at minimum paper trading)
Willing to provide written feedback after 2-3 weeks of use
No coding required — just trade and report what you observe
“See the Market Through the Eyes of the Market Makers” . Here we go again… first post and it’s just another product pitch.
I remember when barely any retail traders even knew what GEX was 5–6 years ago. Now it gets marketed like it’s some kind of silver bullet. The reality is nobody can directly observe dealer positioning. Every GEX service is working off implied positioning and model assumptions. Some firms have more sophisticated models than others, but a lot of these newer services are likely using extremely naive calculations and dressing them up with fancy dashboards. People should be cautious about paying for random GEX services, especially from accounts that never actually engage in these discussions publicly or contribute anything meaningful to FinTwit. It’s not a requirement, but being able to openly discuss dealer positioning, market structure, and volatility dynamics would go a long way toward establishing credibility. If someone claims to understand dealer positioning, market structure, or volatility dynamics, they should be able to discuss the concepts openly, not just hide behind a subscription page. If someone is reading this and interested in GEX, you should consider Vol.land, OptionsDepth and VolSignals. I’ll throw SpotGamma in there too. I think they were the first to bring it to retail and seems to have come a long way since the first started. Really?
If you feel better, I can edit the topic title. What do you suggest? I think that for us programmers, when we discover something that can effectively help the trading community, it’s worthwhile to try and show it, because that way less experienced traders can have an easier understanding of the market, so to speak. As Archimedes said, “Give me a lever long enough and I shall move the world.”
The data feed comes from CBOE, but the mechanics of the calculation are basic Black and Scholes, but the magic happens in the internal mathematics, that I can’t describe.
I have no interest in some random person promoting a naive way of calculating GEX.
I don’t care what you call it. “See the Market Through the Eyes of the Market Makers” is factually untrue. You aren’t helping. You are trying to sell your product.
Wow straight from CBOE? You must be ball’n to be getting the expensive stuff instead of going through third party services using OPRA. I see, so you can’t explain the methodology conceptually and it happens in the internal mathematics. “Black and Scholes” itself does not produce dealer positioning. Really?
Knowing C# and Python has nothing to do with whether you understand GEX, dealer positioning, or hedging flows. Posting a picture of yourself also has nothing to do with the product you are trying to sell. The naive GEX calculation is not “advanced math”. A basic retail style dollar gamma estimate is straightforward and widely known: Γ × OI × ContractSize × Spot² × 0.01. The challenge is not calculating open interest weighted gamma. The challenge is inferring actual dealer positioning and hedging behavior from incomplete public data and modeling assumptions.
You are promoting a GEX product while implying expertise, yet you do not seem to understand that Black-Scholes does not produce dealer positioning. Black-Scholes gives theoretical Greeks based on model inputs. Dealer positioning is inferred, not directly observed. You say the “magic” is in the internal mathematics, but you cannot explain the methodology even conceptually. Then, instead of addressing basic questions, you accuse me of not understanding programming or advanced math. That is not a technical defense. That is deflection.
I am giving you feedback without needing to install it. It’s trash.
You also said your data comes from CBOE while promoting levels for ES, NQ, M2K, and GC. Those are CME listed futures/options products, so that raises obvious questions about what data you are actually using and how the levels are being derived. Many established GEX services derive index/futures gamma levels from highly liquid SPX/SPY/QQQ options data distributed through OPRA rather than from less liquid futures options directly. Direct exchange grade options data and redistribution rights are expensive, whether through OPRA vendors or CME licensing. So yes, I am skeptical when a brand new retail indicator vaguely claims institutional grade data access without clearly explaining the methodology or data sourcing.
The issues are simple:
You avoided explaining your methodology conceptually.
You leaned on vague phrases like “internal mathematics”.
You responded defensively instead of technically.
You conflated programming ability with expertise in dealer positioning, hedging, and market structure.
Someone who understands dealer positioning can explain the concepts clearly at a high level without giving away proprietary implementation details. So far, you have not done that. Really?
These are your responses? It’s obvious you have no clue what you are talking about and trying to sell people into your scam and trash indicator. Your first post is to push your product, but you can’t even explain basic logic of what you are trying to sell. You continue to deflect instead of explaining what makes your GEX special over others that actually have credibility in the domain. It seems like you don’t even know the difference between Gamma and GEX, but trying to sell a GEX indicator. Really?
It appears there are a couple of people here - unfortunately some of the most active voices on the forum - who tend to turn nearly every discussion into a personal attack contest, trying to belittle others, call everything a scam, or turn threads into ego battles instead of keeping things constructive.
Healthy skepticism and technical criticism are completely fair, but the constant negativity and hostility just derail discussions and make the forum worse for everyone else trying to learn, build, test, or share ideas.
Please don’t be discouraged by it. We need more innovators and developers willing to share ideas and create new tools for the community. Healthy competition - even between paid products - ultimately leads to better solutions and better experiences for traders. Just keep improving what you’re building and let people judge it based on actual results and user experience rather than forum drama.
And I told you that what you made looked nice. Creating indicators to re-skin NT is different than coming in here and trying to sell a product about dealer positioning. Original poster can’t even explain the product the user is trying to sell. There were many red flags from my previous replies. I don’t know what to tell you if you don’t see that as an issue. Really?
“Managed to create this method”? You want people to pay for subscribing to your indicator and potentially take trades on your GEX levels, but you can’t even explain it at a high level! You are supposed to be the expert, but don’t even know that GEX is derived.
You told us it’s designed for ES, NQ, M2K and GC and your data is from CBOE, but those are in different exchanges!
This doesn’t mean anything. Anyone can become authorized to sell. The fact is you have an indicator that you are trying to sell. You want people to pay you and potentially take trades based on your levels, but you can’t explain the basic theories of your indicator. Really?
Been experimenting with similar concepts lately, especially around using gamma levels + session structure as part of a premarket briefing workflow for ES.
Not auto-mapped into charts yet, but integrating:
gamma levels
upside/downside targets
pivots
session context
behavioral review
Interesting seeing more traders/builders moving toward structured decision support instead of pure indicator stacking.
The interesting thing with posting an image like this is that anyone can simply take the image and provide it to any of the high level AI, and it will infer everthing that is required, and explain to the user what everything means, and essentially recreate it.
So alot of people who are trying to build software or indicators like this I think should simply provide it to the community for free. Becuase even if you were to make it available through subscription, simply after the one use it will be replicated. This is a different era now, and these types of indicators are no longer a complex secret. This particular indicator can be replicated in 10 minutes. The only challenge is finding how to get the information, but you can get the API from IBKR or any options provider. And again, in the past the community of traders were willing to provide learning and indicators for free through various outlets and forums, but now everyone wants to charge a subsciption, and thats coming up against an era where anyone can code incredibly complex things. So its gonna be a wake up call.
I’ve seen 10 new journal application this month on this forum charging anywhere from 30 to $60 a month.
. Here we go again… first post and it’s just another product pitch.
Creating indicators to re-skin NT is different than coming in here and trying to sell a product about dealer positioning. Original poster can’t even explain the product the user is trying to sell. There were many red flags from my previous replies. I don’t know what to tell you if you don’t see that as an issue. Really?
