Rocket Man

Purpose: This Indicator is a breakout targeting system, providing guidance for step by step targets.
Description:
- Rocket Man is a breakout system that plots sequential possible targets, either upside or downside.
- User may set the style by using lines or rectangles, and even custom choose their own variables in the front end settings.
- Rocket Man is relative to the time period being studied, and calibrates the targets accordingly.
NinjaTrader Use:
- Plotted as levels, either using rectangles or horizontal lines.
- Full User control to use styling and structural formula for targets rather than the presets if desired.
- Fibonacci Ideas can be used, or programmed to your own ideas.
- Perfect for IB breakouts, overnight, weekly, daily etc.
- Side by side comparison is a huge edge
Practical Example:
- On an ES chart, we note a yearly Rocket Man hits it’s preset target of 6815.5.
- This is an area that needs to be considered a pivot, for more continuation or a pullback due to profit taking.