The Andrews pitchfork is an indicator devised by Dr. Alan Andrews in the mid 20th century as a means by which to identify support and resistance in a trending vehicle. The pitchfork is drawn by means of a line drawn from an initial pivot through the middle of two subsequent pivots. This center line is also referred to as a median line (See:median line analysis). Parallel lines are extended forward from the remaining two pivots, producing what resembles a pitchfork. Although present in many charting applications pitchforks are not widely used by analysts despite being a powerful way in which to determine trend direction and strength.
Free charting webinar
Mon, Nov 18th, 2013 12:00 PM - 1:00 PM EST
During the 60 minute session Paul Coghlan, founder of Coghlan Capital, looks at current charts for currencies, precious metals, US indices, highlighting turns and low risk entry points using the Median line analysis methodology.
Median line analysis reduces risk and increases the chartists ability to see trend direction, trend strength and highlight entry and exit levels.
Seats are limited so be sure to reserve your spot today. The webinar will be recorded, by signing up you'll receive an email with the webinar replay afterwards.