ZTH_Scalper Study for Thinkorswim

The ZTH_SCALPER Study For Thinkorswim is a momentum indicator that is designed to keep you on the right side of the trade. The study paints the bars green or red based on the bias. The study also gives you long or short signals based on a combination of several different indicators and conditions to keep you on the right side of momentum. The study is very intuitive and even gives you profit targets once a trade fires off and will also give you a stop out signal when the momentum has died out or is going in the other direction. The entry and stop signals are setup with audio alerts that can be toggled on and off. The Study is fully customizable in the options window where you are able to toggle on and off the alerts, the profit targets, and the stops. There is even a second option for a different type of stop. The ZTH_SCALPER study was created with the active momentum trader in mind, however, the study can be applied to ANY time frame and there is no repainting of signals.