• Overview
  • Reviews (1)
  • Comments (2)
  • What's new

Dynamic Andrews PitchFork

New innovative Andrews Pitchfork added with new features Schiff Pitchfork and Modified Schiff Pitchfork. Now you can draw all together by single click on your charts.

Andrews Pitchfork commonly used by professional trader to find out trend directions  and reversals. This is one of leading tools not legging tool like oscillators, moving averages and others which is mostly found in any charting software.

I was also tried few months back its very interesting tool every trader must be want to use in their trading analysis Please go to search about Andrews pitchfork i also share something about that which all taken by  books must read below  ...

  Brief History of Andrews Pitchfork :-

  • Developed by Dr.Alan H. Andrews Pitchfork is a trend channel tool consisting of three lines; a median trend line in the center with two parallel equidistant trend lines on either side. These lines are drawn by selecting three points, usually based on reaction highs or lows moving from left to right on the chart. As with normal trend lines and channels, the outside trend lines mark potential support and resistance areas. A trend remains in place as long as the Pitchfork channel holds; reversals occur when prices break out of a Pitchfork channel.
  • Andrews Pitchfork is based on Newton’s third law of motion. “For Every action, there is an equal and opposite reaction”, some also extend this to, “For Every positive action there’s a negative reaction.” So, when the market goes up, it must come down.
  • Roger Babson of Babson's Statistical Organization and Babson College (Massachusetts) used Newton’s third law to accurately forecast the market crash of 1929. Alan Hall Andrews was a student of Roger Babson and later a teacher of “Andrews Action Reaction”. He came up with Andrews' Pitchfork as part of his course. It’s important to note that, Roger Babson made a $50 million fortune using the third law of motion in the late 1920’s. Since then, the pitchfork has undergone many modifications such as Standard-Schiff Pitchfork and Modified-Schiff Pitchfork.
  • What guarantees you more wins than losses when using Andrews' pitchfork is that, price is proven to hit the median line with an accuracy of 80%. This means that even without implementing advanced pitchfork strategies, you are on the winning side.
  • Rules of Andrews Pitchfork

    Before and when using the pitchfork, always remember that:-
    • The probability of the price hitting the latest median is usually high,
    • On reaching the median line, the price reverses, consolidates on either side of the median or shoots (zooms or gaps) through the median,
    • After passing the median, the price retracts and retests the median then continues,
    • The price usually reverses at any median line or median line parallel,
    • The Hagopian’s rule states, should the price reverse prior to hitting the median line, the resulting move in the opposite direction is usually stronger and more than the initial direction.
    • It’s important to master these rules before you start using Andrews' Pitchfork in your trading.

    If you want to Become expert to work with Andrews pitchfork must read these books followed by below link

          https://www.dropbox.com/s/in42d8jjwckwhxo/PitchFork.rar?dl=0

       

         SEE VIDEOS HOW TO USE ANDREWS PITCHFORK LIKE PROFESSIONALS :-

          https://youtu.be/aJCTyRFm6T8

          https://youtu.be/fY98rKSOZXE          

Contact us for free training session via Skype /Anydesk Remote

IMPORTANT :- SOME TIME AFTER CLICK ON HIGH LOW RED-SYMBOLS MISSING THAT TIME YOU HAVE TO CLICK ON " FIND OUT POINT " BUTTON AGAIN CLICK ON SAME POINT WHERE YOU NEED POINT ONCE

YOU FIX POINT ANY HIGH LOW THEN AGAIN CLICK ON BUTTON THEN  CLICK ON ANOTHER POINT. WATCH VIDEO AFTER 11 MIN. WHEN I WANT TO FIND OUT POINT FOR DRAWING.


Note :- Apply Pitch fork indicator to blank chart or use this template  -https://www.dropbox.com/s/1pf8nxgsc7yipzz/default.tpl?dl=0

  • Parameters

    first few parameter Commonly used colors and sizes.
    Draw_Trigger_Lines = true;
    Draw_Inner_Lines = true;
    Use_Fib_Levels_4_Inner_Lines = FALSE; ( use fibo line divide middle parts)
    Draw_Warning_Lines = true;
    Number_Of_Warning_Lines = 6;
    Draw_Reaction_Lines = true;
    Number_Of_Reaction_Lines = 12;
    Extend_Reaction_Lines = true;
    ALL THINGS POSSIBLE CONTROLLED BY BUTTON NO WORRY ABOUT PARAMETERS .....

Reviews 1
Paulus Nangoy
3303
Paulus Nangoy 2020.09.16 03:24 
 

Another great product from the author and the support is always first class.

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                     B ULL B EAR I NNOVATION                ️ Technology To Success ️   Correct identification of the trends in stock investments are pivotal and TrendFollowerSR ensures this perspective while displaying the correct trend on multiply timeframes to help you go long way as much as possible. The latest technology of the Indicator enables to track whether if a certain trend has just begun ,
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Automated Trendlines
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Georgios Kalomoiropoulos
Trendlines  are the most essential tool of technical analysis in forex trading.  Unfortunately, most  traders don’t draw them correctly. Automated Trendlines indicator is a professional tool for serious traders that help you visualize the trending movement of the markets . There are two types of Trendlines Bullish Trendlines and Bearish Trendlines. In the uptrend, Forex trend line is drawn through the lowest swing-points of the price move. Connecting at least two "lowest lows" will create a
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ShvedSupDem Pro Zone
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Andrey Shvedov
Let us analyze what supply and demand are, and how relevant the expression "market memory" is. The screenshots show the operation of the SupDem-Pro custom indicator, it is the improved version of my previously created Shved Supply and Demand indicator. In order to create it, I gave up trading for almost 3 years and studied a lot of literature, I have not traded during this time, but only analyzed the behavior of the price in different situations. It took me quite a long time to correctly formula
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Shepherd Harmonic Pattern
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Abdullah Alrai
This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: https://www.mql5.com/en/blogs/post/719257 There is a free version to try this product. You can use it to detect Gartley and Nenstar patterns: https://www.mql5.com/en/market/product/30181 Notes Indicator has control panel and it will save every (chart & timeframe) settings. You can minimize it to have more space on chart and you can press close button
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Pro Currency Strength Meter
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Oystein Knudsen
Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
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Beast Super Signal
Beast Super Signal
Dustin Vlok
***FLASH SALE*** Get 20% discount until Friday 16th April! Was $149 now only $119,20! The Beast Super Signal is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion level The Beast Super Signal indicator will monitor the current price, and only when all of the internal strategies align, and are in 100% agreement
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KT Support and Resistance Levels
KT Support and Resistance Levels
KEENBASE SOFTWARE SOLUTIONS
Use of support and resistance in systematic trading is very subjective. Every trader has their own idea and way to plotting the support and resistance levels on the chart. KT Support and Resistance indicator take out this ambiguity out of the situation and automatically draws support and resistance levels following an algorithmic approach using a unique multi-timeframe analysis. When launched on the chart, It immediately scan the most significant extreme points across all the available timefr
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Square of 9 for all
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Francesco Rubeo
Welcome all to the famous Gann's "Square Of 9"!! This method was used by one of the best traders in the history, a person who made his way among the top traders. An "Holy Grail" for whoever wants to learn trading. The "Square of 9" was used by this genius to find the market's future supports and future resistances. Nowadays is possible to find them with just a click, thanks to softwares. At the time Gann was using just his set of square and goniometer!! Gann describes, partially, the tecnique on
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Market View BreakOut Dashboard
Market View BreakOut Dashboard
Chantal Sala
The Market View BreakOut Dashboard is a very easy to use panel. Symbol buttons change color when a breakout of previous candle is performed. You can choose to see the breakout only on a TF selectable with TF buttons. Apply this indicator to the chart to navigate very quickly through all the symbols listed in the inputs. The list of symbols is customizable. You can create five custom sessions to view the market clearly. Also, you can create your favorite session. You can customize both the graph
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Pip Hunter Trend
Pip Hunter Trend
Yaroslav Varankin
This is a trend indicator with some filters. If you use this tool as it is written in the recommendation, then the accuracy of open transactions will be 70% or more. Trading recommendations 1 It is worth opening a deal while receiving a signal (The blue dot indicates that it is possible to open an order for Buy. The red dot indicates that it is possible to open an order for Sell) 2 Set Take Profit at 40 pips or 4 points 3 Stoploss is not installed in its place, we exit on the opposite signal if
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Naveen Saroha
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Naveen Saroha
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MT5 Swing Angle
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Naveen Saroha
New idea to finding Reversal by angles/reflation angle Market moments.I found some studies when market moved with high angle its turned back to there origin.We developed  a MT4/MT5 tool to finding recent swing angle and expected reversal to minimum 50% of last swing or last swing high/low--to major last target point download free tool- https://trading-go.net/strategy/vr-cub If swing angle more then 75 Degree and hold close for next 3-4 candle market turned back to last low/high lots of studies o
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MT5 Gann Swing Turning Forecast
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Naveen Saroha
New Trading forecasting method from WD.Gann Method'sLibrary ..... Price and time foresting method A very usefull tool to find out turning point of market on any time frame parameters set for 15m-30 min REDUCE parameter for Higher time frames like H1,H4, Daily,Weekly or monthly... Techniques :- Find out good support and resistance point on forecasting triangle as well vertical time line defined next MARKET TURNING TIME AND PRICE.Using our another high degree angle tool together better result you
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Paulus Nangoy
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Paulus Nangoy 2020.09.16 03:24 
 

Another great product from the author and the support is always first class.

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Version 3.2 2021.04.05
button sift param added
text siftbuttons added
Version 2.4 2020.12.25
ver 2.4 new features added
Version 1.7 2020.10.08
button and click is working fast and accurate
Version 1.5 2020.07.26
fixed minor bugs improve buttons settings