Tools & IndicatorsAndrews Pitchfork
Support/ResistanceAdvanced[ MP.IND.ANDREWS_PITCHFORK ]
Andrews Pitchfork
Andrews' Pitchfork
Andrews' Pitchfork, developed by Dr.
Category
Support/Resistance
Difficulty
Advanced
Markets
Forex, Stocks, Indices
Timeframe
4H, Daily
Combinations
2 tools
Signals
4 setups
LIVE CHARTAndrews Pitchfork ACTIVE
[ HOW TO READ THE CHART ]
Green Zone: Price returns to the median after moving away → Entry zone in the trend direction
Red Zone: Price walks along the upper parallel → Strong bullish momentum in progress
Main Line: Lower parallel break with volume → Bearish acceleration beyond the predicted channel
Confluence: Combine Andrews Pitchfork with Fibonacci for maximum probability
[ WHAT TO WATCH ON THE CHART ]
Observe how Andrews Pitchfork behaves relative to key price points. Note moments when the indicator reaches extreme levels and how price reacts. Look for divergence patterns between the indicator and price movement.[ FORMULA ]
Draws 3 parallel lines starting from 3 pivots (P1, P2, P3) Median = from P1 through the midpoint of P2-P3 Parallel lines pass through P2 and P3
What signals does Andrews Pitchfork generate?
Price returns to the median after moving away → Entry zone in the trend direction
Price walks along the upper parallel → Strong bullish momentum in progress
Lower parallel break with volume → Bearish acceleration beyond the predicted channel
Price rejected from the upper parallel toward the median → Possible trend pause/correction
What is Andrews Pitchfork and how does it work?
Andrews' Pitchfork, developed by Dr. Alan Andrews in the 1960s, is a manual charting tool that projects a three-line parallel channel starting from three pivot points chosen by the trader (an initial high/low and two subsequent ones). The central line (median) represents the statistical equilibrium of the trend, while the two parallel lines act as dynamic support and resistance. Andrews claimed that price tends to return to the median 80% of the time, hence the nickname 'median line rule'.
How do you use Andrews Pitchfork in trading?
Using the Pitchfork requires manually choosing three significant pivots (typically a low, a high, and another consecutive low/high that define the market's swing):
1) MEDIAN AS MAGNET: Price tends to oscillate around the median line and return to it repeatedly. A return to the median after moving away is often an entry point in the original trend direction.
2) PARALLEL LINES AS S/R: The upper line (upper parallel) acts as dynamic resistance, the lower one (lower parallel) as dynamic support. Price 'walking' along a parallel indicates strong momentum in that direction.
3) PARALLEL BREAKOUT: A clean break of one of the two parallel lines with volume signals a trend acceleration beyond the normal oscillation predicted by the channel.
4) WARNING LINES: Advanced versions of the Pitchfork add 'warning' lines beyond the original parallels, useful for identifying extreme price extensions.
What are the strengths of Andrews Pitchfork?
Provides a complete dynamic channel with S/R and median
The 'median line rule' has a good historical track record
Useful on all markets and high timeframes
What are the limitations of Andrews Pitchfork?
Requires subjective and manual pivot choice
Learning curve to draw it correctly
Less objective compared to automatically calculated tools
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