Ultimate Scalper’s Channel Indicator ThinkorSwim TOS Script

The Ultimate Scalper’s Channel will work on any symbol and time frame. It can be used to either day-trade a five minute chart or swing trade a daily or weekly chart. This indicator remains effective regardless of what time frame you are looking at. It is composed of three lines – a upper limit, a bottom limit, and a center line. Stocks will very rarely break the upper or lower limits (red lines on the graph), therefore these points make excellent trade entries.

If price touches the upper limit short the stock.

If price touches the lower limit, go long on the stock.

Very user friendly and easy to use – but the results are fantastic! 

Works with Futures,Forex Currency Pairs, and Stocks

Works with the ThinkOrSwim platform

Works on all time frames

Download link will be emailed upon purchase of the software