Catapult Indicator – AlphaShark

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The Catapult indicator is a breakout indicator which can offer a high reward to risk multiple due to the way the Ichimoku cloud interacts with a special oscillator that shows strong breakout momentum. When this indicator signals a trade entry, it offers the prospect of a high win percentage and a high profit factor.

This indicator can be used for any tradeable instrument, spot forex, all the futures, and of course stocks, ETFs, and indexes. Options trades can be derived from the stock trade signals.

It works on any timeframe for trading. It can be used for day trading as well as swing and position trading. It is based on time, but range and tick charts can be used but the user will have to experiment for the best number of ticks to use on the charts. The indicator will automatically plot a stop loss and two target profit areas that will be unique for the instrument being traded.

Available for NinjaTrader, thinkorswim and TradeStation

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