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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






Contact us for free training session via Skype /Anydesk Remote



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;

Comentários 1
Paulus Nangoy
Paulus Nangoy 2020.09.16 03:24 

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

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A. What is A2SR ? -- Full guidance : -- at   https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- and  https://www.mql5.com/en/users/yohana/blog A2SR has a special technique in determining the levels of Support ( demand ) and Resistance ( supply ) . Unlike the ordinary way that we seen on the net, A2SR has a original concept in determining actual SR levels. The original technique was not taken from the internet, and it has never been published on the internet either. A2SR will
250 USD
PipFinite Reversal PRO
Karlo Wilson Vendiola
The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
98 USD
Naked Forex Kangaroo Tail
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol MaxBars: number of bars back used to calculate the indicator TradeDirection (Long/Short/LongAndShort): filter sign
147 USD
BBMA Dashboard
Alireza Yadegar
Note that versions under 8 have critical problems, Final version(8.15) is the only one that provides reliable signals. BBMA Dashboard is selling only on MQL, Don't get fooled by Scammers This is a   Multi pair  and   Multi time frame  dashboard. it is looking for   16 Essential Types of "BBMA System" Setups and Signals   (founder of the system is Mr. Oma ally): * Reentry Dashboard  (touching WMA5) * CSM Dashboard (closing candle out of Bollinger Band) * CSAK Dashboard (closing candle beyo
80 USD
Sergey Malysh
Um sistema de negociação pré-fabricado baseado em construção automática e manutenção de níveis Fibonacci para venda e compra em qualquer instrumento (símbolo) e em qualquer período do gráfico. Determinação da direção da tendência (14 indicadores). Construção de níveis horizontais, suporte e linhas de resistência, canais. Escolhendo uma variante para calcular os níveis de Fibonacci (6 métodos diferentes). Sistema de alerta (na tela, E-mail, notificações Push). Botão mudando o estilo do ambiente d
80 USD
Naked Forex Tweezer Pro Indicator for MT4
Renaud Candel
Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let user
177 USD
Paulus Nangoy
Paulus Nangoy 2020.09.16 03:24 

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

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Versão 1.7 2020.10.08
button and click is working fast and accurate
Versão 1.5 2020.07.26
fixed minor bugs improve buttons settings