The more you know, the more you can make.
ShadowTrader Tape Reader
Created by ShadowTrader thinkscript expert, Danno Sheehy, the advantages of the ST Tape Reader thinkScript are almost too numerous to list. It provides an essential edge for successful day trading in both stocks and futures contracts. We believe this is the ONLY thinkorswim study that can actually “read the tape”, giving you insight into net buys and sells as the day is unfolding.
What is it why do I need it?
Shows you a definitive picture reflecting net buying and selling in real time to gain edge on entries and exits
Gives insight into what’s taking place at the bid and ask inside of any price bar on any intraday timeframe
Prints the overall trend of underlying buying and selling on the day to reinforce direction and avoid shakeouts
Includes proprietary “chop indicator” that can keep you out of a directionless market.