The revamped MicroTrends NinjaTrader Higher Time Frame Support & Resistance Horizontal levels Indicator allows you to plot daily,weekly,monthly or yearly levels of support and resistance on a lower time frame chart for any asset class: CFDs, Commodities, Equities, ETFs, Forex, Futures & Options trading for any time frame chart.

Pictured is the MT Levels Horizontal SR HTF Indicator plotting “stepped” levels of daily High Low support and resistance on the Forex pair GBPUSD on a 60minute chart with 100days of data.

The indicator has 4 main modes allowing you to visualise Support & Resistance OHLC Levels as
Troughs & Peaks
Steps
Recent Levels
Any Levels The MT Levels Horizontal SR HTF indicator will be available as part of the MicroTrends NinjaTrader Framework version 7.0.0.34 which is due for release 19th January 2011

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This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com