Gamma Seed for Windows is a free, open-source Python tool for traders who follow the DAX, Nasdaq, Dow and gold and want options-based reference levels drawn on their TradingView charts. It suits people who already read price action and want a daily map of where options positioning may matter, rather than a full trading platform.
Each trading day the program reads options open interest, works out the main gamma-related levels and writes them into a TradingView Pine v6 indicator. The project is released under the MIT license, so anyone can inspect and modify the code. The last code update is dated September 16, 2026, and the method is documented openly, which makes it easier to understand what the levels represent before you add them to your analysis.
What Gamma Exposure Means for Index Traders
Options dealers hedge the risk of the contracts they sell by trading the underlying market. How much they need to trade depends on their gamma, which measures how quickly an option's delta changes as the price moves. When gamma is added up across many strikes, it can make prices tend to stall near some levels and move faster through others.
The gamma flip is the point where aggregated dealer gamma changes sign. Many traders watch it as a rough boundary between calmer and more volatile behavior. Call walls and put walls are strikes with heavy concentrations of open interest, so they are often treated as possible zones of resistance or support. The relationship is probabilistic, not guaranteed, so these levels work best as context.
How Daily Levels Are Built from Open Interest
Open interest is the number of option contracts that remain open and have not been closed or exercised. Because dealers take the other side of many of these trades, the distribution of open interest across strikes gives a picture of where their hedging might cluster. The method estimates this positioning, since dealer books are not observed directly.
Index options data differs by market. For the DAX the program uses Eurex ODAX options. For the US indices it uses ETF proxies, which track broad exposure in a tradable form. Max pain is the strike where option holders would collect the least value at expiration, and the expected move gives a range implied by option prices. Both are calculated from the same daily inputs, so they reflect a single snapshot of the market.
How Traders Put Gamma Levels to Work
A day trader working the DAX session might use the gamma flip and nearby walls as reference lines when planning entries. A swing trader following index levels around an options expiry can use the expected move to judge whether a planned target is realistic. Someone studying market structure can review how price reacted to each level over several weeks.
Because the levels are fixed for the trading day, they serve as a stable map rather than a live feed. Keeping a simple log of how price behaved at each line helps you decide whether the tool fits your style. Treat the output as one input among several in your own process.
Key features
Daily gamma levels
Options-based inputs
Ready-made TradingView indicator
Vanna and charm strike lines
VIX regime label
Supported coins
Gamma Seed covers the DAX, Nasdaq, Dow and gold. For the DAX, the options data comes from Eurex ODAX contracts, while the US indices are approached through ETF proxies. The tool is built around index and gold markets rather than cryptocurrencies.
How to install Gamma Seed on Windows
- 1
Get the source code
Open the official repository at https://github.com/Timonkru/gamma-seed and download the code, or use a release from the project's GitHub Releases page if one is listed. Download only from the official website or repository.
- 2
Verify the download
If the publisher provides a SHA-256 checksum, compare it with your file using the Get-FileHash command in PowerShell. If a signature is provided instead, check it before running anything. Discard any file that does not match.
- 3
Install Python
The generator is written in Python, so you need a working Python runtime. Install a current version from python.org and confirm it runs correctly from a command prompt.
- 4
Read the README
Review the project documentation for the exact run command and any data source setup before you start. Following the documented steps avoids most early errors.
- 5
Generate the indicator
Run the script. It writes GammaLevelsauto.pine with the day's levels built in. Rerun it on each trading day to refresh the values.
-
Load it into TradingView
Open the Pine Editor in TradingView, paste the contents of GammaLevelsauto.pine, save the script and add it to a chart of a supported instrument.
System requirements
- Windows, as named in the project documentation
- TradingView access to load and display the Pine v6 indicator
How to use Gamma Seed
Once the indicator file is generated, a daily routine keeps the levels relevant. The steps below work well for most traders who use the tool as a reference.
- Generate the day's file before the session so the levels match the latest options data.
- Open TradingView, go to the Pine Editor, paste in GammaLevelsauto.pine and add the indicator to a chart.
- Select a chart of an instrument the tool covers, such as the DAX or a US index, and confirm the levels appear as expected.
- Check the VIX regime label before the open to see the volatility backdrop recorded by the script.
- Use the vanna and charm lines as extra context alongside the main levels, not as stand-alone entries.
- Note how price reacted at each level during the session, so you can judge the tool on your own charts over time.
Pros & cons
- Free to use and released under the MIT license, with source code available on GitHub
- Levels are built from options open interest and the method is documented
- The VIX regime label uses the previous day's close, so it does not repaint
- Output is a standard Pine v6 indicator that runs on your own TradingView charts
- The ASCII-only template reduces encoding problems when copying code on Windows
- Covers only the DAX, Nasdaq, Dow and gold, with no cryptocurrency markets
- Windows support is mentioned in the documentation but has not been independently confirmed, so test it first
- Levels are calculated once per trading day and do not update intraday
- Requires TradingView to display the indicator
- Interpreting the levels requires familiarity with options terminology
Is Gamma Seed safe?
Gamma Seed is an analysis tool and does not handle wallets, private keys or trading accounts, but the same caution applies. Download only from the official website or the project's GitHub repository at github.com/Timonkru/gamma-seed, and use the GitHub Releases page when a release is listed. Compare any published SHA-256 checksum with your file, and check the signature if one is provided. Read the MIT-licensed code or its README before running any script that fetches external data. Despite the name, the word seed here has nothing to do with crypto seed phrases. Never type a seed phrase into any program or website.
- Official source only. Download from github.com/Timonkru/gamma-seed. Ignore ads and lookalike domains.
- Check the SHA-256. Compare the installer hash with the value the developer publishes before running it.
- Never share your seed phrase. No developer, support agent or website — including CryptApps — will ever ask for it.
Alternatives
Gamma Seed is much narrower than most tools on this list. TradingView Desktop is a full charting platform with indicators and alerts, and Gamma Seed works as an add-on that brings options-derived levels into that environment. Bookmap focuses on order book heat maps, and ATAS focuses on volume analysis and clusters, so both show live order flow rather than daily options structure. CScalp, Quantower, Exocharts, MetaScalp and MetaTrader 5 are oriented toward execution or multi-market trading, where crypto exchanges and brokers play a larger role. Gamma Seed is free and open to inspection, but it is an analysis tool that covers index and gold markets only.
Specifications
- Price
- Free
- Type
- Open source
- License
- mit
- Latest version
- —
- Last update
- 16 Sept 2026
- Windows support
- Unverified (Windows mentioned in docs)
- Source code
- github.com/Timonkru/gamma-seed
Frequently asked questions
Gamma Seed is a free, open-source Python tool that calculates daily options-based levels for the DAX, Nasdaq, Dow and gold and writes them into a TradingView Pine v6 indicator. Its levels include the gamma flip, call and put walls, max pain and expected move. It is aimed at traders who use options structure as one reference point in their charting.
It is open source under the MIT license, so the code can be reviewed on GitHub. Get the program from the project's official repository and check any published SHA-256 checksum before running it. The tool does not manage wallets or private keys, but you should never enter a seed phrase into any program or website.
No, the tool is built around the DAX, Nasdaq, Dow and gold. Its data comes from options markets, namely Eurex ODAX options for the DAX and ETF proxies for the US markets. If you need crypto charts or order flow, a platform such as TradingView Desktop or a crypto-focused terminal may suit you better.
In practice, yes. The program generates a Pine v6 indicator file called GammaLevelsauto.pine, and TradingView runs Pine scripts. You load the file into the Pine Editor and add it to a chart. The levels reflect the day's options data, so the indicator is most useful on charts of the instruments it covers.
The levels are calculated once per trading day, and the values are written into the indicator file. To refresh them, rerun the generator with current options data and load the new file into TradingView. The VIX regime label uses the previous day's close, which keeps it stable during the session.
No. Gamma levels are reference points that show where options positioning may matter, not predictions or instructions. The project makes no profit promises, and this page is not financial advice. Use the levels alongside your own risk rules and test how they behave on your charts before relying on them.
Verdict
Gamma Seed for Windows suits traders who already work with index or gold charts and want a free, inspectable way to add options-derived reference levels in TradingView. It is a narrow analytical tool rather than a full trading terminal, and it does not cover cryptocurrencies. Because Windows support has not been independently confirmed, test the generator on your own machine first. Check the latest version on the official repository before you start.