AtlasGEX VWAP
Where dealer positioning is centred on the option board, drawn on the Atlas chart as a centre line with an optional band and envelope.
GEX VWAP draws the centre of gravity of dealer positioning directly on the price chart. Every minute, Atlas reads the option board behind the heatmap and marks where its positioning is centred. The result is a line that tracks where the board's weight sits, updated minute by minute through the session.
Despite the name, this is not a volume VWAP. It is built from the same positioning data that powers Heatseeker and the Orbs, not from traded share volume. Price VWAP answers "where has volume traded" — GEX VWAP answers "where is the positioning centred."
Adding the indicator
Open the chart settings panel and use the Add button in the Indicators section. GEX VWAP appears in the list alongside the moving averages and the other Skylit studies. Each instance gets its own settings cog and can be removed the same way.
The lines
| Line | What it is |
|---|---|
| Centre | Where positioning is centred across the selected board. |
| Upper | Where the weight sits on the side of the board above the centre. |
| Lower | Where the weight sits on the side of the board below the centre. |
| Envelope (optional) | Two levels marking how far the band has reached over a chosen window. |
Together the upper and lower lines show how the weight is spread on each side of the centre. A minute where no board data exists renders as a gap rather than a stale value.
Settings
| Setting | Options | What it controls |
|---|---|---|
| Expirations | Front only (default), 1W, 1M, 3M, 6M, All | Which expirations of the board feed the lines. Front only uses the current expiration — the same board the Orbs draw by default. Wider windows fold in further-dated exposure. |
| Nodes | All (default), P50, P40, P30, P25, P20 | Which strikes feed the lines. All folds every strike on the board. A P-value folds only the strikes whose exposure is at least that percent of the King Node — the same percent-of-king vocabulary as the GEX Nodes dropdown — so the lines track the drawn orb cluster instead of the full board. |
| Band | Band + centre, Centre only | Show the upper/lower lines around the centre, or the centre line alone. |
| Envelope | Off (default), Opening window, Session | Draws two levels at the extremes the band has reached. Opening window measures the first N minutes after the 09:30 ET open (default 15, configurable 8–60) and freezes once the window closes. Session runs from the open and only widens through the day. |
On SPXW, an additional Trinity combine option folds SPY and QQQ exposure into a unified SPX-priced board. It is SPXW-only because the combined board is priced in SPX terms.
Reading notes
- The lines are computed fresh each minute from that minute's board — they are not smoothed and carry no memory, so a sudden repositioning of the board moves them immediately.
- The centre is not a price target or a signal. It marks where positioning is centred so you can see, at a glance, whether the weight sits above or below the market and how that gap evolves through the session.
- The Opening-window envelope needs at least 8 minutes of board data inside its window; a session that opens without enough data draws no envelope rather than a misleading one.
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