Pitchfork Trading Strategy | Learn All 4 Pitchforks
Автор: Michael Whitman
Загружено: Nov 23, 2022
Просмотров: 19,117 views
In todays tutorials I will show you how to set up 4 separate pitchfork indicators on your charting software. What Is Andrews' Pitchfork? Andrews' Pitchfork is a technical indicator that uses three parallel trend lines to identify possible levels of support and resistance as well as potential breakout and breakdown levels. It is created by placing three points at the end of previous trends and then drawing a line from the first point that runs through the midpoint of the other two points.
The reason this indicator is called a "pitchfork" becomes apparent from the shape that is created in the chart.
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