The TRACE Stability Gauge is a measure of stability for current market conditions. This proprietary, forward-looking metric evaluates the likelihood of large movement over the next 10 minutes. Higher values correspond to a lower likelihood of significant price movement, while lower values correspond to a higher likelihood of larger price movement.

The formula supporting this metric is based on SpotGamma’s proprietary analysis.

Note that the Stability Gauge is available between 9:30am and 3:30pm ET, after which time the metric is grayed out to show it is not currently applicable.

If you are interested in learning more about TRACE, check out the full TRACE User Manual.

SpotGamma Alpha subscribers can access SpotGamma TRACE here.

TRACE can be access by SpotGamma Alpha subscribers here.

Support articles explain the mechanics. The TRACE product page shows how traders use this context daily — with real market scenarios and a clear breakdown of you can improve your entries rather than chasing moves.

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