MotiveWave Indicators: Open Interest & GEX Levels
<p>Traders using MotiveWave can add FinzData Open Interest and GEX levels directly to charts. The free indicator pack reads FinzData data and plots it on your MotiveWave workspace, works with any feed you already use, and includes source code with a simple README install.</p>
MotiveWave indicators for futures and stocks
The free FinzData indicator pack for MotiveWave adds two core studies to your charts. motivewave indicators plot FinzData Open Interest total open interest across all contracts of a futures market plus the front month value per trading day for all 139 FinzData futures markets, 17,610 contracts since 2007, e.g. ES, NQ, CL, GC, ZN, 6E, FDAX. motivewave studies also plot FinzData GEX Levels gamma flip, call wall and put wall on the price chart for single stocks, ETFs and major indexes SPX, NDX, RUT, 11,200+ tickers since 2010. Each bar shows prior session levels with no look-ahead.
Download the pack from https://finzdata.com/downloads/plugins/finzdata-motivewave.zip and see all platform options at https://finzdata.com/trading-platform-plugins.
What is open interest and why it matters
what is open interest. Open interest is the total number of open futures or options contracts that have not been settled. Rising open interest with price confirms participation, while falling open interest can signal exhaustion. The FinzData Open Interest study shows total and front month open interest per day, making it easy to compare markets and spot rotation.
- Total open interest across all contracts per market
- Front month open interest for the active contract
- Daily change for quick context
This context complements order flow analysis and helps traders interpret volume spikes without guessing about positioning.
Install MotiveWave studies in minutes
Installation is feed agnostic. MotiveWave works with Rithmic, CQG, Interactive Brokers and others, the indicator reads FinzData directly and only uses price bars from your platform. Prop firm accounts work too because the indicator is read only and never touches the account.
- Download https://finzdata.com/downloads/plugins/finzdata-motivewave.zip
- Follow the README install steps for MotiveWave
- Activate your free API key from FinzData
- Add the Open Interest and GEX studies to your chart
Source code is included and beta feedback goes to [email protected].
Order flow context with Open Interest and GEX
order flow trading benefits from macro positioning context. While MotiveWave shows price and volume, adding FinzData Open Interest and gex levels gives a broader view of dealer gamma and open contracts. Traders often combine order flow imbalance signals with open interest trends and gex levels to assess whether moves are supported by positioning or likely to mean revert.
The studies do not place orders and do not require a specific market data vendor. They work with whatever feed you already use in MotiveWave, keeping your workflow intact while adding institutional context to your charts.
Free API key and full history access
Get a free API key with just an email at FinzData. The free tier includes the last 30 days of futures and daily GEX for use with the MotiveWave indicators. Full history is available once at https://finzdata.com/shop, for example one futures market is $39, and the same key unlocks it with no change to the indicators.
Browse all supported platforms at https://finzdata.com/trading-platform-plugins and download the MotiveWave pack from https://finzdata.com/downloads/plugins/finzdata-motivewave.zip.
Questions
Do the MotiveWave indicators work with prop firm accounts?
Yes. The indicators are read only, they read FinzData directly and use price bars from your platform. They never touch the account, so prop firm accounts on MotiveWave work fine.
What data is included in the free pack?
The free pack includes FinzData Open Interest total and front month for 139 futures markets and FinzData GEX Levels gamma flip, call wall and put wall for 11,200+ tickers. Each bar shows prior session levels with no look-ahead.
Can I use my existing feed with these studies?
Yes. The studies work with whatever feed MotiveWave uses, such as Rithmic, CQG or Interactive Brokers. The feed only supplies price bars.
How do I install the MotiveWave studies?
Download finzdata-motivewave.zip, follow the README install steps, activate your free FinzData API key, and add the studies to your chart. Source code is included.
How do I get full history?
Buy full history once at https://finzdata.com/shop. The same API key unlocks it with no changes to the indicators.
Also for: Quantower · NinjaTrader 8 · ATAS · Sierra Chart · Interactive Brokers (Python). All platforms: FinzData trading platform indicators.