OPEN-SOURCE SCRIPT
Updated Dealer Volume
Dealer Volume transforms ordinary volume into a real-time map of who is actually trading and where it matters most.
Standard volume indicators show you HOW MUCH traded. Dealer Volume shows you WHO was forced to trade and WHERE.
Every volume bar is analyzed through the lens of options dealer mechanics and gamma physics. The result is a five-tier visual hierarchy that instantly separates institutional positioning from retail noise.
The five visual tiers
Each bar communicates through three simultaneous visual channels — physical width, color intensity, and luminous glow — so you can read the story at a glance:
MEGA DEALER PRINT — Massive volume at a critical gamma level. Renders as a chunky solid jewel core wrapped in a double halo of glow with a bright neon center stripe. These are the rarest, most important prints. The dealer desk is being forced to hedge mechanically and you can see it on the tape.
DEALER PRINT — Elevated volume at a gamma level, absorption events, climactic volume, or aggressive institutional buying or selling. Renders as a chunky solid core wrapped in a warm glowing halo. Mechanical hedging in progress.
STRONG — Above-average volume without dealer signature. Renders as a solid bright bar in vibrant emerald or ruby. Real directional flow.
NORMAL — Average volume. Renders as a thin semi-transparent bar in soft tones. Background market activity.
WEAK — Below-average volume. Renders as a hair-thin ghost bar that recedes into the chart. Quiet flow.
Delta Volume Mode (toggleable) mirrors bars around a zero baseline — green bars grow upward, red bars grow downward. This is how professional desks render volume because direction and imbalance become immediately readable from the histogram shape itself.
The indicator monitors five distinct gamma zones simultaneously:
Call Wall, Put Wall, GEX Flip, and the two inner gravity centers (M2c and M2p). When elevated volume hits any of these zones, dealers are being forced to hedge — and you see it the instant it happens.
Built-in alerts:
Mega Dealer Print
Dealer Print
Climactic Volume
Absorption Detected
Institutional Buying
Institutional Selling
How To Utilize
Step 1 — Add to chart
Apply to any timeframe on liquid US equity, index, or futures instruments (SPY, SPX, ES, QQQ, NDX, NQ, IWM, etc.). The indicator auto-detects the symbol and calibrates its gamma zones at the first bar of each regular trading hours session.
Step 2 — Read the bars
The chart curates itself. Your eye will naturally land on the glowing chunky bars. Those are the prints that matter.
A row of thin ghost bars with a single GLOWING bar interrupting them — that's where dealers got involved.
A solid bright bar without glow — real money is committed but not at a gamma level.
Hair-thin ghost bars across the chart — quiet flow, low conviction environment.
Step 3 — Trade the cluster
The most powerful setups happen when 2-3 dealer prints cluster in a short window. This signals institutional positioning being built at a specific level. Trade the resolution — either the level holds (cluster fades, price reverses) or the level fails (cluster precedes breakout).
Step 4 — Confirm with price action
A mega dealer print is not a signal to enter — it's a signal to PAY ATTENTION. The bar tells you something forced just happened. Confirm with your usual entry triggers (candle close, structure break, etc.) before acting.
Step 5 — Use alerts for hands-off monitoring
Set the "Mega Dealer Print" alert on your watchlist symbols. You'll get notified the moment a major institutional event hits a gamma zone — even if you're away from the screen.
Standard volume indicators show you HOW MUCH traded. Dealer Volume shows you WHO was forced to trade and WHERE.
Every volume bar is analyzed through the lens of options dealer mechanics and gamma physics. The result is a five-tier visual hierarchy that instantly separates institutional positioning from retail noise.
The five visual tiers
Each bar communicates through three simultaneous visual channels — physical width, color intensity, and luminous glow — so you can read the story at a glance:
MEGA DEALER PRINT — Massive volume at a critical gamma level. Renders as a chunky solid jewel core wrapped in a double halo of glow with a bright neon center stripe. These are the rarest, most important prints. The dealer desk is being forced to hedge mechanically and you can see it on the tape.
DEALER PRINT — Elevated volume at a gamma level, absorption events, climactic volume, or aggressive institutional buying or selling. Renders as a chunky solid core wrapped in a warm glowing halo. Mechanical hedging in progress.
STRONG — Above-average volume without dealer signature. Renders as a solid bright bar in vibrant emerald or ruby. Real directional flow.
NORMAL — Average volume. Renders as a thin semi-transparent bar in soft tones. Background market activity.
WEAK — Below-average volume. Renders as a hair-thin ghost bar that recedes into the chart. Quiet flow.
Delta Volume Mode (toggleable) mirrors bars around a zero baseline — green bars grow upward, red bars grow downward. This is how professional desks render volume because direction and imbalance become immediately readable from the histogram shape itself.
The indicator monitors five distinct gamma zones simultaneously:
Call Wall, Put Wall, GEX Flip, and the two inner gravity centers (M2c and M2p). When elevated volume hits any of these zones, dealers are being forced to hedge — and you see it the instant it happens.
Built-in alerts:
Mega Dealer Print
Dealer Print
Climactic Volume
Absorption Detected
Institutional Buying
Institutional Selling
How To Utilize
Step 1 — Add to chart
Apply to any timeframe on liquid US equity, index, or futures instruments (SPY, SPX, ES, QQQ, NDX, NQ, IWM, etc.). The indicator auto-detects the symbol and calibrates its gamma zones at the first bar of each regular trading hours session.
Step 2 — Read the bars
The chart curates itself. Your eye will naturally land on the glowing chunky bars. Those are the prints that matter.
A row of thin ghost bars with a single GLOWING bar interrupting them — that's where dealers got involved.
A solid bright bar without glow — real money is committed but not at a gamma level.
Hair-thin ghost bars across the chart — quiet flow, low conviction environment.
Step 3 — Trade the cluster
The most powerful setups happen when 2-3 dealer prints cluster in a short window. This signals institutional positioning being built at a specific level. Trade the resolution — either the level holds (cluster fades, price reverses) or the level fails (cluster precedes breakout).
Step 4 — Confirm with price action
A mega dealer print is not a signal to enter — it's a signal to PAY ATTENTION. The bar tells you something forced just happened. Confirm with your usual entry triggers (candle close, structure break, etc.) before acting.
Step 5 — Use alerts for hands-off monitoring
Set the "Mega Dealer Print" alert on your watchlist symbols. You'll get notified the moment a major institutional event hits a gamma zone — even if you're away from the screen.
Release Notes
UpdateOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.