Andrews' Pitchfork

Andrew's Pitchfork is a popular technical analysis indicator. It was developed by Alan Andrews.

In everyday work, Andrew's Pitchfork helps traders identify periods of trend continuation and resistance in the forex market.

It serves as a tool for dividing the main channel into two equally spaced ones, allowing for a more complete trend analysis.

During an upward trend, the Andrew's Pitchfork chart uses three points:

• A significant increase in the trend;
• A significant decrease in the trend;
• A common point, which serves as the initial stage of the trend.

Constructing Andrew's Pitchfork is quite simple; simply use the corresponding tab in the Insert menu in the trading terminal.

It's constructed using the standard price channel : the middle line coincides with the main trend line, and the other two are equally spaced.

The result is two channels that allow you not only to track the trend but also clearly identify correction periods.

If you encounter difficulties while constructing it, you can use the Andrew's Pitchfork indicator ; it's a slightly improved version, but still retains the main lines.