Blahtech GL

Blahtech GL is our gamma-levels indicator. It does two things differently from every other GEX tool out there.

First, it filters. Most GEX tools plot every strike with open interest - your chart ends up covered in lines that do not actually mean anything. Blahtech GL only marks the strikes where options pricing itself is showing something unusual: real positioning anomalies, not just paper inventory sitting on the books.

The indicator marks four kinds of level:

• Mega / moderate / weak calls - three tiers of upside strikes ranked by how dominant the call positioning is. Mega calls are the heavyweight overhead levels; moderate and weak calls are secondary and tertiary levels worth knowing about but not betting the farm on.
• Mega / moderate / weak puts - the same tiered ranking on the downside.
• Gamma walls - the standout strikes where positioning is concentrated heavily enough to dominate hedging flow regardless of which side they are on.
• Gamma flip - the price level where the overall hedging regime transitions. Above it, dealer hedging tends to dampen moves; below it, it tends to amplify them.

What the indicator does not do is tell you whether a level will act as a magnet, a reversal point, or an accelerator on a given day - that is a function of vol regime, time-of-day, and context.

Products supported: ES, NQ, DAX, GC, SI, HG, CL. The indicator auto-scans the product name and places corresponding levels.