Multi Andrew PitchFork
ANDREW’S PITCHFORK TRADING STRATEGY
Essentially, Andrew’s Pitchfork is a tool for drawing price channels. While two lines surrounding price are usually enough to draw a channel, the Pitchfork has an extra line. It is the median line or the handle of the Pitchfork.
The median line is central to this trading method. This is why Andrew’s Pitchfork is also known as the Median Line Method.
There are many ways to trade using Andrew’s Pitchfork but the basic idea is that price will oscillate around the median line. In this version, we will focus on trading the first re-test of the limiting median line.
- Draw a bull channel with Andrew’s Pitchfork
- Wait for price to fall and test the lower median line
- No bar high should be lower than the lower median line
- Buy a tick above the high of a bull bar at the lower median line
- Draw a bear channel with Andrew’s Pitchfork
- Wait for price to rise and test the upper median line
- No bar low should be higher than the upper median line
- Sell a tick below the low of a bear bar at the upper median line
This Indicator has a very simple but applicable idea. It finds all the Support or Resistance Zone or Levels with your requested number of confirmations. you can also determine the maximum width of the zone, so that the width of the zone never exceeds than the value you inserted in the Input Parameters. the default is 20 points or two pips for that. also it just finds the zones with the number of confirmed points equal or more than your preferred numbers. Input Parameters Number of Candles(>=10)
Indicator FiboZag - transfer the indicator to the chart and the Fibonacci levels will be built automatically on the last ZigZag turn. The main advantage lies in the correct construction of Fibonacci levels and markup of price levels. Simple, visual and effective use. The indicator is not redrawn and does not lag. Works on all currency pairs and on all timeframes.
The Sensitive Volume indicator is an indicator designed to generate trading signals. The purpose of this indicator is to generate signals from the highest probability of trading. Using a number of price movements and a set of indicator properties to generate these signals. Easy to use, simple and understandable to the user. With alert features, user signals can be reached quickly. Visually the user can easily recognize the signals. This indicator will not repaint. Parameters Trend_Period - p
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Breakout Trading and then Recommend for Turning Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected. In summary, you use breakout for the
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This indicator Super Channel Pro indicator.Indicator displays trend movement. Indicator calculates automatically line. Features FiltPer - displays indicator channel period. deviation - displays indicator channel deviation. deviation2 - displays indicator channel deviation. How to understand the status: If the arrow is green, trend is up. If the arrow is red, trend is down. //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Fractals are a great tool for technical analysis and really enhance your Forex trading plan and FX trading strategies. Fractals are a very useful FX trading tool and technique: They provide for a good entry method; Yet even more important; they also provide places for great stop losses; Fractals are natural support and resistance levels; Fractals on higher time frames can be/spot major levels; Fractals can be useful for placement of Fibonacci retracement levels; Last but not least: Fractals are
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