Andrew’s Pitchfork Trading Strategy
Alan Andrew’s Pitchfork is
catchy. It catches your attention with its unusual name and its striking
pitchfork appearance. It also catches trends with a channel.
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.
HOW TO DRAW THE ANDREW’S PITCHFORK
There are three steps to
drawing a Pitchfork.
