Hello.

And welcome to the NinjaTrader Indicator Warehouse.

Today we are going to cover the support and resistance

lines or SnR lines for short, a new subscription service

from Indicator Warehouse.

SnR lines give you the highest probability support and

resistance levels for the most popular

futures and 4X markets.

It works in all time frames and is a complimentary system,

which can be used as a standalone trading system or

to enhance your current trading strategy.

In this short video, we will show you how to set up your

SnR lines as well as a few ways that you can implement

their trading strategy.

Because the support and resistance lines are unique to

the market traded, the support and resistance service is

broken into the different markets

which are called widgets.

Therefore if you would like to trade the E-mini S&P, you will

need the E-mini S&P widget.

If you would like to trade the 4X Pound US dollar pairing,

then you will need the Pound US dollar widget.

When you make your purchase from Indicator Warehouse for

whichever widget you have subscribed for, you will get a

download email with your download information.

It is important for you to make note of where you

download the file to.

By default, most systems will download the file to either

the desktop or your download folder.

Once you have downloaded your widget, go to your control

center in NinjaTrader.

From here, click on the File menu.

And pull down to the Utilities icon.

From here, move over to Import NinjaScript.

And now you need to locate where you've

downloaded your widget.

I've downloaded mine to my desktop.

And I've subscribed for the euro US dollar and the E-mini.

And when Ninja displays this box, you have successfully

uploaded the widget to your Ninja Trading system.

Do this for each of the widgets you

have subscribed for.

To load the widget onto your chart, first open the market

you're interested in.

In this particular instance, I'm going to be trading the

E-mini S&P. And I want to locate my E-mini S&P widget

from my indicator assortment.

So I go to my Indicator tab.

And from here in the assortment, I can find my IW

S&R lines E-mini widget.

Click on that.

Click to apply.

Click OK.

And depending on how your charts are formatted, you may

end up getting an error message similar to this.

What this is telling you is that your data series needs to

be configured slightly differently.

Go to your Data Series tab.

Click on that.

By default, your Ninja charts are usually set up with only

three days of data.

Ideally you want to at least 10 days of data.

I'll set mine to 30.

And in order to get the indicator to display

correctly, we recommend that you change your session

template to 24/7.

Click Apply and OK.

And now you have your S&R lines on your chart.

Let's take a quick look at the setting for the S&R lines.

By going back to our Indicator tab, we can see that our S&R

lines are highlighted.

Let's take a look to the various features that we have

available here.

Because the S&R lines are a proprietary system from

Indicator Warehouse, there really isn't too much open to

adjustment.

You can change the calculation setting from the Calculate bar

on close to true, in which case the line will paint a

little bit earlier.

But it will still be the same line.

The line does not change from one minute to the next.

The other settings have to do with how the lines look.

You will notice that there are 21 support and resistance

lines painted for each widget that you have purchased.

And the balance point is painted in a fuchsia color

where is all the other lines are painted in a blue color.

And you can adjust these colors to your own personal

preference.

You can also change the way the lines look.

The level style you have a choice of painting either a

straight line or a zone.

Or by default they are set to both.

You can also show the labels in the margin.

But by default, those are turned off.

The zone height--

this refers to how wide the zone is painted.

You can adjust that.

And the opacity of the zone refers to how dark

the zone will look.

So let's take a look at all this on the chart.

And you can see that for the current session the lines are

painted with a line and a zone.

If we scroll back into the chart, you will see that the

past sessions paint only a line.

And that's just for your convenience sake, so that you

always know that you are trading

in the current session.

There are several ways to use your new support and

resistance lines.

You can use them either as a standalone system or part of

your current trading system.

The nice thing about the support and resistance lines

is that they show you the high probability areas where the

market is likely to do something.

Sometimes the market will hit the line bang on as it did

over here and again down here.

And then other times the market will be a little

delayed in its reaction when it hits a support and

resistance area and fudge the line ever so slightly.

What I like to see with the support and resistance is I

like to see the market break through a support or

resistance area and then come back and retest it, as we are

seeing right now.

The market has broken this area of support, has come

back, and is now retesting it.

And this support should now act as resistance.

If this price holds, I will place an order to sell below

these recent lows.

If the price fails and breaks through the upside, then I'll

look for a test of the area as support, which will give me an

opportunity to buy.

Well it looks as though the price is going to hold.

So I will place an order to sell below the recent lows.

And we'll see if the market will bring us in.

Now that we're short the market, I'll

place my exit stop.

And now we'll anticipate that the market will trade down to

the next area of support where once again, we will expect the

market to do something and be on the alert to possibly take

profit or maybe even add to our position.

We're in our trade for about 45 minutes.

And you can see that we've broken through this next area

of support.

And once again the market is coming up to test it as

resistance.

So what I'm going to do is I'm going to use that as an area

actually to place our protective stop to try to lock

in a little bit more profit.

And we're currently up about $1,100 on our position.

So, so far a very nice trade for us, simply trading off of

this retest of the broken support area and following the

market down to the next area of support.

All right.

So the market has violated this area of support, which

should have been resistance.

We got out of our trade with approximately $1,000 profit.

Now that the market is breaking through this area of

resistance, because the market is coming from underneath, we

would anticipate to see some sort of support form here on a

possible retest, in which case that would actually give us an

opportunity to buy.

Prices made a very fast move once they broke this area of

resistance and rallied right back to former support and

resistance, only to come back and once again start trading

off of this support line.

So I'm hoping you can see how incredibly powerful these

support and resistance levels are.

If this area continues to hold as support, then I will look

for an opportunity to buy and trade the market back to the

next area of resistance, and after that followed by the

next there is resistance and so on.

It looks as though this support is going to hold.

So I'm going to get ready to place an order to

buy above the highs.

And we'll see if the market brings us in, as we're

anticipating a bounce off of the support level.

All right.

We're currently long.

I'll place my stop loss order.

And I've placed my stop below the support area, which should

now hold the market up.

| looks like we've caught a very good trending market.

And we've just hit our other support and resistance line.

And the market has come back.

It's started to look a little bit bearish.

So I've quickly rolled up my exit stops.

And it looks like it was just in time as we got stopped out

with about $2,000 in profit on that particular trade.

This is how you can use support and resistance lines

as a standalone system.

Another advantage of using these support and resistance

lines is that they can be used in conjunction with other

trading systems to enhance their effectiveness.

A very simple demonstration would be to take just a

regular indicator of any sort.

Let's say we're going to use an RSI.

We'll add RSI to the mix.

We'll just go with the standard settings.

And now we can use RSI and support and resistance lines

together to help us improve the efficiency of our trade.

The traditional way of trading RSI is to wait for the market

to become over-bought or oversold and to buy when the

market comes out of the oversold region, and to sell

when it comes out of the over-bought region.

Now with the addition of the support and resistance lines,

we can improve the effectiveness of the RSI

indicator by looking for a confluence between the

indicator and the support and resistance levels.

This is the euro US dollar 4X pairing.

And right now, I'm just waiting for the market to do

just that, to give me some confluence between the RSI and

the support and resistance line.

Right now you can see we're trading off of support.

But RSI is relatively neutral, and in

fact is slightly bearish.

So we'll just let this unfold and see how it plays out.

Prices actually broke through the support area and traded

down to our next support line, where we're also starting to

see support.

But notice that RSI became oversold and now is starting

to head a little bit higher.

So if we continue to see this support area hold, I will

place a buy above the high of the candle, given that RSI has

been oversold and now is looking to rally.

And that coincides very nicely with the touch on the support

and resistance line.

It looks as though that level's going to hold.

So I'll place an order to buy.

And now we'll see whether or not the support area holds, in

which case we'll go long.

And we'll see what happens with our RSI as well.

All right.

The market brought us into this trade.

I'll place my exit order.

And my first profit target will be this area of

resistance.

And I'll also be watching my RSI to see if it becomes

over-bought, which will indicate that the particular