The Horizontal Targets tool can only be used on Point and Figure charts. It is used to calculate and plot a potential buy or sell target value by using a mathematical calculation, this is a horizontal version of the Vertical Targets tool. The Horizontal Targets tool is primarily used in areas of sideways movement/congestion.
This is a companion discussion topic for the original entry at https://www.optuma.com/kb/optuma/tools/point-and-figure/horizontal-targets