GEX and Vanna Levels

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GEX and Vanna Levels Indicator for SPX
Description:
The GEX and Vanna Levels Indicator is a daily-updated market positioning tool designed specifically for SPX (S&P 500 Index) traders. It visualizes critical gamma exposure (GEX) and vanna levels, providing insights into dealer positioning, volatility dynamics, and potential market inflection points.

Since market positioning changes daily, all key levels (zero vanna flips, gamma support/resistance, pivots, and magnet levels) must be calculated and input manually each day to reflect the most accurate and relevant market conditions.

This script helps traders identify areas where market makers are likely to adjust their hedging strategies, influencing price movements. It incorporates zero vanna flips, gamma support/resistance zones, key pivots, and magnet levels, all of which play a crucial role in understanding intraday and swing trading conditions.

Key Features & How It Works:
🔹 Zero Vanna Flips (Support/Resistance) – Levels where volatility impacts price movement, requiring vol compression for a breakout.
🔹 Gamma Support & Resistance – Zones where dealer hedging pressure may pin price action or accelerate moves.
🔹 Main Pivot Level – A key inflection point derived from market positioning; price movement above or below this level dictates direction.
🔹 Upside & Downside Magnets – Identified areas where price is likely to be attracted based on hedging flows and positioning.
🔹 Iron Condor Visualization – Displays key ranges of customer and market maker positions to analyze volatility compression/expansion areas.
🔹 Custom Alerts – Notifies traders when price breaks critical GEX and vanna levels.

How to Use This Indicator:
1️⃣ Update Levels Daily – Before each trading session, input the latest zero vanna, gamma, and pivot levels for accurate analysis.
2️⃣ Monitor Zero Vanna Flips (6121, 6071): These act as key support and resistance zones that can only be broken if volatility contracts.
3️⃣ Pay Attention to the Main Pivot (6085.58): A crucial level that determines directional bias—price holding above it favors bullish conditions.
4️⃣ Track Gamma Support/Resistance (6107-6115): If price holds in this zone, market makers may keep price range-bound.
5️⃣ Watch Magnet Levels (6045, 6186.4): If price breaks key levels, it is likely to gravitate toward these magnets.
6️⃣ Iron Condor Ranges (6030-6035 & 6080-6085): Understanding these zones helps traders identify potential volatility suppression areas.

Who Can Benefit from This Indicator?
✅ Intraday & Swing Traders – Helps identify key reversal levels and potential price magnet areas.
✅ Options Traders – Essential for understanding market maker hedging flows, gamma positioning, and implied volatility shifts.
✅ Institutional & Retail Investors – Provides deeper insight into market positioning beyond traditional technical indicators.

Publishing & Compliance Notes:
All levels must be updated daily to reflect current market positioning.
This indicator is strictly for SPX, ensuring accurate gamma and vanna level calculations.
No repainting or misleading elements—data is derived from market positioning models and widely used quantitative methodologies.
It is not financial advice; traders should combine this tool with other analysis techniques.

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Nota Keluaran

GEX and Vanna Levels" is a specialized TradingView indicator built for SPX charts that visually maps critical gamma exposure and vanna levels. The script plots several key horizontal lines, each representing significant market thresholds:

• Zero Vanna Flip Down (6071): A level where volatility cooling may trigger bearish momentum.
• Local Zero Vanna Flip Up (6121): A trigger level indicating potential bullish breakout when exceeded.
• Main Pivot (6085.58): A central pivot point aligning with established intermarket consensus patterns.
• Centroid Positioning (6105): A benchmark level signaling shifts in positioning, with prices below hinting at a retest of lows.
• Downside Magnet (6045): A support zone that may attract selling if breached.
• Upside Magnet (6186.4): A resistance area that can drive prices higher once overcome.
• Breakout Level (6130.39): An actionable level indicating a move towards higher resistance levels if broken.

Each of these levels can be toggled on or off according to your preference, ensuring that the chart displays only the information you need. The script is carefully structured to plot lines in the global scope—eliminating scope-related errors—and adds labels for the current trading session by dynamically determining the first and last bars of the day.

Additionally, the indicator features alert conditions for key momentum shifts: it notifies you when the price crosses above the Local Zero Vanna Flip Up (bullish) or below the Zero Vanna Flip Down (bearish), enabling timely trade decisions.

Please note that the values used in this indicator are manually updated daily based on insights from the Stochastic Volatility Traders Substack. It is essential to check for the latest levels each day to ensure your analysis reflects current market conditions.

This comprehensive tool empowers traders to quickly identify and act upon critical market levels on SPX, streamlining the decision-making process with clear visual cues and automated alerts.