Modified Schiff Pitchfork

Investment Dictionary -> Modified Schiff Pitchfork

The Modified Schiff pitchfork is a derivation of the Andrews pitchfork whereby the initial (A) pivot is moved 50% of the way towards the B pivot in terms of both price and time. This differs from the Schiff pitchfork in that there is an additional movement of the A pivot forward 50% in time. As a result of the moving of the A pivot the slope of the fork is lessened and it is especially useful when charting gently sloping vehicles.

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.

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