HedgePulse glossary
Plain-English definitions for the labels used across HedgePulse guides and analytics.
- A/D
Advancing stocks minus declining stocks for the displayed market group.
Also: Advance-Decline- A/D Volume
Advancing share volume minus declining share volume.
Also: Advance-Decline Volume- CEX
Charm exposure for the selected options population and basis.
Also: Charm Exposure- DEX
Delta exposure for the selected options population and basis.
Also: Delta Exposure- Expected Move
The displayed weekly range estimate with lower, midpoint, and upper references.
Also: EM- FlowImb
The absolute call-versus-put volume difference compared with its normal baseline.
Also: Flow Imbalance- FTFC
The compact Market Monitor STRAT strip showing bullish, bearish, or neutral candle structure from 1 minute through month.
Also: Timeframe Continuity Strip- GEX
Gamma exposure for the selected options population and basis.
Also: Gamma Exposure- IV
Option-implied volatility used in HedgePulse volatility comparisons.
Also: Implied Volatility- NG
The strike with the lowest signed gamma-exposure value in the selected level basis.
Also: Negative Gamma Level- OI
The standing open-interest position base used by HedgePulse exposure and level calculations.
Also: Open Interest- OptRVOL
Total options volume compared with a normal full-day baseline.
Also: Options Relative Volume- PG
The strike with the highest signed positive gamma-exposure value in the selected level basis.
Also: Positive Gamma Level- Skew
25-delta call IV minus 25-delta put IV in the HedgePulse convention.
Also: 25-Delta Skew- STRAT 1
A current candle whose high is at or below the prior high and low is at or above the prior low.
Also: Inside Candle- STRAT 2D
A directional candle that takes the prior low without taking the prior high and closes below the prior low.
Also: 2D- STRAT 2DF
A candle that trades below the prior low but closes back inside the prior range.
Also: 2DF- STRAT 2U
A directional candle that takes the prior high without taking the prior low and closes above the prior high.
Also: 2U- STRAT 2UF
A candle that trades above the prior high but closes back inside the prior range.
Also: 2UF- STRAT 3
A current candle that trades above the prior high and below the prior low.
Also: Outside Candle- TICK
Net stocks trading on upticks versus downticks at that moment.
Also: Market TICK- UA
Total options volume divided by total open interest.
- VEX
Vanna exposure for the selected options population and basis.
Also: Vanna Exposure- vGEX
The volume-basis gamma-times-volume activity calculation.
Also: Volume GEX- VolDif
Call contract volume minus put contract volume.
Also: Volume Difference- VOL
The current traded-options-volume basis used for selected exposure and level calculations.
Also: Traded-Volume Basis- Vol-of-Vol
HedgePulse's estimate of volatility in VIX option-implied volatility near 30 days.
Also: HP Vol-of-Vol- ZG
The interpolated structural crossing between negative and positive regions of the selected gamma profile.
Also: Zero Gamma Level