Median Line and Andrews Pitchfork

The video provides an detailed overview of the andrews pitchfork technical indicator.  The video first begins by explaining how to add this tool to your charts using metatrader 4.  He then moves on to describe that three consecutive swing points are necessary to draw the pitchfork.  The median line of the pitchfork is very important; if prices fail (or find support at this level), it is likely that the trend will reverse in the opposite direction. 

The speaker illustrates the practical application of this technical indicator and how it is able to spot important support and resistance levels.
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

Send this article to a friend.

Enter multiple addresses on separate lines or separate them with commas.