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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.

TRADING RULES 

    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.

LONG TRADE

  1. Draw a bull channel with Andrew’s Pitchfork
  2. Wait for price to fall and test the lower median line
  3. No bar high should be lower than the lower median line
  4. Buy a tick above the high of a bull bar at the lower median line

SHORT TRADE

  1. Draw a bear channel with Andrew’s Pitchfork
  2. Wait for price to rise and test the upper median line
  3. No bar low should be higher than the upper median line
  4. Sell a tick below the low of a bear bar at the upper median line

 


Comentários 1
Frank Paetsch
4418
Frank Paetsch 2020.09.11 14:59 
 

good indicator. Thank you

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*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
Currency Strength Exotics
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This Indicator is specialized to show currency strength for any symbols like Exotic Pairs Commodities, Indexes or Futures . Is first of its kind, any symbol can be added to the 9th line to show TRUE CURRENCY STRENGTH of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc. This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your
128 USD
Golden Chip
Daishon Cotman
GOLDEN CHIP TUTORIAL LINK BELOW! https://youtu.be/R69zucG3EnY Golden Chip provides Basic Market Structure, Fibonacci, supply and Demand Zones. Letting you identify when a sell off point is approaching or when a buy opportunity is arriving. The awesome thing about Golden Chip is that, you will see rejection levels or continuation before ANYBODY ! This indicator moves directly with price and lines up perfectly with the Chart. Some indicators would lag but NOT this one ! Golden Chip is amazing f
225 USD
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Frank Paetsch
4418
Frank Paetsch 2020.09.11 14:59 
 

good indicator. Thank you

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