Workflows

How to Read the HedgePulse Indicator Table

A practical left-to-right workflow for turning one dense row into market context.

By HedgePulse EducationReviewed by HedgePulse Product3 min read
01 · Orientation

Read the row from context to location

The table is organized into Price, Flow, STRAT, Exposure, Levels, and Expected Move. Start broad and move right only when the earlier columns give you a reason to investigate.

  • Price
  • Flow
  • STRAT
  • Exposure
  • Levels
  • EM
02 · Flow

Separate activity from imbalance

OptRVOL asks whether total options volume is unusual. FlowImb asks whether the absolute call-versus-put volume difference is unusual. VolDif supplies the direction.

  • OptRVOL = activity
  • FlowImb = imbalance intensity
  • VolDif = call volume minus put volume
03 · Structure

Look for timeframe agreement

Each STRAT cell classifies the current candle against prior structure. A single cell is local context; several aligned timeframes are a stronger continuity read.

  • Green = upward context
  • Red = downward context
  • Neutral = compression or unresolved structure
04 · Exposure

Compare open interest with current volume

OI columns describe the standing options position base. V columns use current options volume. Read sign, magnitude, and whether the two bases agree.

  • GEX = gamma exposure
  • DEX = delta exposure
  • CEX = charm exposure
  • OI and V can diverge
05 · Location

Finish with levels and Expected Move

NG, ZG, and PG locate price relative to the gamma structure. EM normalizes price inside the weekly expected-move range: 0 is midpoint and plus or minus 100 marks the bands.

  • NG = strongest negative gamma strike
  • ZG = structural zero crossing
  • PG = strongest positive gamma strike

Find what deserves a closer look

The Indicator Table in STRAT Matrix combines price, options activity, timeframe states and exposure in one row.

HedgePulse Indicator Table showing Flow, STRAT, Exposure, Levels, and Expected Move groups

Start with the symbol, price and percentage change. Stock RVOL compares stock volume with its selected historical baseline.

Separate activity from imbalance

Column Meaning
CVol / PVol Call / put contract volume
VolDif Call volume minus put volume
OptRVOL Total options volume versus a normal full day, using the selected 5-day or 20-day baseline
FlowImb Absolute call/put volume difference versus normal
Skew 25-delta call IV minus 25-delta put IV
UA Total options volume divided by total open interest

Volume is the volume for today’s trading session across all expirations within the selected scope. A Weekly scope selects expirations; it does not accumulate weekly volume. Check any earlier As of date.

High OptRVOL means elevated activity. High FlowImb means an unusually large imbalance. Use VolDif for its direction. More call volume does not prove calls were bought.

Read the timeframe cells

Each STRAT cell describes its candle timeframe. Compare adjacent timeframes for agreement or disagreement. A mixed row is not broken.

STRAT Matrix explains 1, 2, 3 and failed-break labels.

For the smaller Market Monitor, this guide explains its 1m through monthly cells and how to add columns.

Compare exposure bases

  • GEX: gamma exposure.
  • DEX: delta exposure.
  • CEX: charm exposure.
  • OI: stored open-contract base.
  • V: session traded-volume base.

Read the signed totals with the same symbol and expiration scope. Compare their direction and size. Exposure values are not raw contract counts.

Locate price

PG, ZG and NG columns show gamma levels or normalized distance, depending on settings. A checkmark means the session range touched that level, not that it held.

Weekly EM places price inside the Expected Move range:

EM Position
0 Midpoint
+100 Upper band
-100 Lower band
Beyond ±100 Outside the range

Scan one row

  1. Identify unusual price movement or activity.
  2. Compare timeframe states.
  3. Compare OI and Volume exposure.
  4. Locate price beside levels and Expected Move.
  5. Open the symbol workspace for a closer look.

The scanner helps you choose where to look next. It does not turn a green or red cell into a trading instruction.