gamma levels
The call wall, the put wall, the gamma flip and the full gamma-by-strike profile on /ES and /NQ — drawn inside the platform you already run, recomputed through the session rather than frozen at the open. One key, every supported platform, included with Pro. The same engine runs the wider book in the terminal: the index futures, gold and silver, the Dow and the Russell, bonds, the Mag 7 plus AMD, PLTR, COIN, MSTR, NFLX and AVGO, and bitcoin and ethereum computed from their own listed options books. If you want to check the numbers first, today's walls are free to read on the levels page.
Both screens
The walls are computed once and drawn identically in either place. Most traders keep the terminal open for the read — the macro board, the ladder, the footprint and the tape — and keep the same levels on the chart they already place orders from.
My own charts, unretouched. The levels are drawn by the study off the same feed the rest of your chart uses — nothing is pasted on afterwards. NinjaTrader 8 and MotiveWave run the same study on the same key; their pages are below.
The problem
Dealer positioning is sold as a dashboard. You read the number in one window and trade in another, estimating by eye where the wall actually sits on your chart. The one place the level matters is the one place it isn't.
Chart templates, hotkeys, instrument settings, muscle memory. That's the honest reason most traders never try a gamma product — not price, and not scepticism about the maths.
Open interest updates on the exchange's daily cycle, but spot and implied volatility move all session, so the flip genuinely migrates — most visibly on heavy 0DTE days. A level read at 8am was a different level by lunch.
What Sharpnel does
Today's walls go up free on the levels page every morning, and the previous session's get scored against the real high and low at 4:15 the same day — misses kept. Judge months of that record before you spend anything. What is not free is having them on your own chart, redrawing as the surface moves.
The same levels render in the Sharpnel terminal or inside a supported third-party charting platform. On your platform the wire carries ES and NQ; in the terminal the Gamma Stream points at any of the 31 published books — the index futures, gold and silver, the Dow and the Russell, bonds, the Mag 7 plus AMD, PLTR, COIN, MSTR, NFLX and AVGO, and bitcoin and ethereum computed from their own listed options books. One key covers every platform; there's no separate purchase.
Call wall, put wall, gamma flip, max pain, the expected-move band, the top gamma strikes, and the per-strike gamma profile — plus prior-state ghost dots so you can see where the walls have been moving.
Each morning's levels get scored against that session's close — hits and misses both, published. If you want to know how often I'm wrong, the record is the answer, not a testimonial.
| The job | A standalone gamma dashboard | Sharpnel gamma levels |
|---|---|---|
| Where the level lives | A browser tab beside the platform you trade | A chart object on the chart you trade — yours or mine |
| How often it updates | Often a morning snapshot, stale as the session rebuilds | Recomputed about every 60 seconds through the session |
| Whether the record is public | Usually not, or winners only | Every morning's levels graded against the close, misses included |
Open-interest-derived dealer-gamma estimate. Informational, not advice. You pay your own broker/exchange market-data fees.
Free Explorer tier. No credit card required.
You don't have to move platforms to trade the gamma structure. Mint one key, install a small study, and these levels draw inside the charting software you already run. Same key across all of them, included with Pro.
More platforms in progress · full install docs
Two platforms can never take a study, whoever builds it: TradingView and thinkorswim. Pine Script and thinkScript are both sandboxed with no way to request an outside number, so nothing can keep itself updated inside them. Both pages explain exactly why, and what to do instead — the levels are free to read and take ten seconds to mark by hand.
