Horizontal levels

Originally from ticket #3340.

Hi Support team,

I can see 2 indicators
Horizontal Support and Resistance Levels and
Horizontal Support and Resistance HTF.
May I know how these 2 differ and which is better to use for high potential trades ?

HTF means Higher Time Frame
So this means any indicator with that will load a secondary time series in to the background - for example

The "Horizontal Support and Resistance Levels" plotted on a daily chart will give daily levels, plotted on a 10 second chart will give 10 second levels.
Higher Time Frames such as daily/weekly/monthly level would have more significance than some arbitrary S/R level on a 2 second chart for example - in most cases... as there will be 1000s of levels on a smaller time frame perhaps.... but only a few on higher... you could look for clusters of levels.... and through your experimentation work out a trading methodology - such as breakout, fakeout and continuation or bounce at a level- for example- from this you would keep statistics and work out what you define as high potential

Horizontal Support and Resistance Levels HTF"
Example: Plot daily levels on a 10 range chart
To use a Higher Time Frame indicator make sure you have downloaded the equivalent days back historical data you have selected for your higher time frame data series

so ... download
30 days back 24/5 Session Template
Tick for the 10 range
30 Days Back daily for the HTF

Downloading Data
http://www.ninjatrader.com/support/helpGuides/nt7/index.html?historical_data_manager.htm

MicroTrends Support
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