TMS - Transcranial Magnetic Stimulation (Wiki)

Transcranial magnetic stimulation is a non invasive treatment for severe unipolar depression, bipolar depression, hallucinations (specifically auditory), posttraumatic stress disorder, epilepsy, migraines and tinnitus. Side effects appear to be minimal. Headaches have been reported as well as a euphoric feeling, but these generally wear off. Limited information is available for this treatment as it is still in its infancy.

r_TMS
Kastner Lab, Department of Psychology

Depression-wise, this treatment is most effective against depressive illnesses that have a focal point or specific cause. As a treatment, TMS is still in its infancy and is experimental at best. A similar treatment in research at the time of writing is rTMS, repetitive Transcranial Magnetic Stimulation, which was made possible in technological advances in the 1980s.

Unfortunately, research into
TMS at the Maudsley Hospital, London, have proven disappointing and therefore TMS should not be considered a viable alternative to ECT.