Every level, badge and indicator on the TLADe terminal, explained. This is the reference glossary.
The behavioral filter that determines how every level behaves.
Spot > Zero Gamma. Dealers dampen volatility by selling rallies and buying dips. Market tends toward mean-reversion. Breakouts often fail. Safer environment.
Spot < Zero Gamma. Dealers amplify volatility by buying rallies and selling dips. Trends accelerate. Breakouts often follow through. Requires caution.
The pivot point where gamma exposure flips. Most important level in the terminal. Determines the current regime (Positive/Negative Gamma).
Highest call gamma concentration. Strong resistance where dealers sell aggressively to hedge. Price often struggles to break through cleanly.
Highest put gamma concentration. Strong support where dealers buy aggressively to hedge. Often acts as a floor during selloffs.
Strike where option holders lose the most at expiration. Price gravitates here, especially on OpEx days. Market makers profit when price pins to Max Pain.
Reference Levels
Previous Day High
Previous Day Low
Previous Week High
Previous Week Low
Breakout Structure (BO)
Daily Long
Bullish
Daily Short
Bearish
Weekly Long
Major Bullish
Weekly Short
Major Bearish
BO = Breakout | d = Daily, w = Weekly | l = Long (bullish), s = Short (bearish)
Price level with highest traded volume. Strong magnet for price. Key equilibrium zone.
Upper boundary of 70% volume distribution. Resistance above fair value.
Lower boundary of 70% volume distribution. Support below fair value.
The maximum expected upside for the day, derived from current implied volatility. If price reaches EM High, the daily move is fully consumed to the upside.
The maximum expected downside for the day. If price reaches EM Low, the daily move is fully consumed to the downside. Moves beyond EM are statistically rare.
Expected Move is calculated from ATM implied volatility. The range updates each session. Use it to gauge whether a move is "normal" or overextended.
Envelope around Zero Gamma based on implied volatility. Shows the expected range of gamma influence.
ZG + implied vol range. Acts as extended resistance. Price above upper band = breakout from gamma field.
ZG - implied vol range. Acts as extended support. Price below lower band = breakdown from gamma field.
Anchored Volume Weighted Average Price for each trading session. Each AVWAP starts at the session open and accumulates through end of day.
Asia VWAP
Anchor: 18:00 ET
Europe VWAP
Anchor: 03:00 ET
US VWAP
Anchor: 09:30 ET
Prev Day VWAP
Yesterday RTH
Dashed rectangles on the chart showing the high/low range of each trading session.
18:00 - 03:00 ET
03:00 - 08:00 ET
08:00 - 09:30 ET
09:30 - 17:00 ET
Chart markers showing where price broke a previous swing high or low. Multi-timeframe detection across Weekly, Daily, H4, and H1.
1-Hour Bullish
1-Hour Bearish
4-Hour Bullish
4-Hour Bearish
Daily Bullish
Daily Bearish
Weekly Bullish
Weekly Bearish
+FVG = Fair Value Gap detected at the breakout. Indicates an imbalance zone -- price may revisit this area. More triangles = higher timeframe = stronger signal.
The horizontal bar chart on the side of the price chart. Shows gamma exposure at each strike price.
Cyan bars (right) = Positive gamma (call-dominated). Dealers sell here on rallies -- resistance.
Pink bars (left) = Negative gamma (put-dominated). Dealers buy here on dips -- support.
Bar length = Magnitude of gamma at that strike. Longer = more dealer hedging activity.
Toggle C/P to see call vs put breakdown. Toggle CONV to overlay convexity (volatility smile).
These badges appear in the Level Modal to describe the behavior at each level.
High convexity zone. A confirmed break may trigger rapid volatility expansion. Trade with tight stops.
Extreme dealer hedging activity. Expect sharp reactions and potential for violent reversals.
Shock absorber. Dealers are positioned to dampen volatility here. Price tends to consolidate.
High sensitivity. Dealer hedging accelerates here. Potential for sharp rejection or breakout.
Historical probability that price respects this level as support/resistance. Higher = stronger level.
Historical probability that price breaks through this level. Higher = more likely to fail as S/R.
Low volatility. Range-bound. Mean-reversion strategies work well. Breakouts often fail.
Transitional state. Market deciding direction. Be patient and wait for confirmation.
High volatility. Trending. Breakouts follow through. Fade trades are risky.
Part of the TLADe Guide.