Popular Today
Popular Today
Popular All Time
Newest
Charts and Videos
Charts and Videos
Charts
Videos

Pitchforks

Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and resistance and a median line in between them. To use a pitchfork correctly, identify 3 points that are consecutive highs and lows, where the first point represents the start of a trend. The median line connects the first point to the midpoint of the other 2. Additional lines can be added at a set number of standard deviations from the median, forming parallel trend channels.

Pitchforks can be used to identify buying and selling opportunities at those lines (for trading bounces or breaks), depending on the specific rules of entry and exit a trader may have. Conservative traders will look for additional confirmation. Apart from Andrew's Pitchfork there are variations like the Schiff Pitchfork, the Modified Schiff pitchfork and the Inside Pitchfork. TradingView has smart drawing tools for all of these techniques and there is a popular chat where users share pitchfork-based ideas.
alan3cA alan3cA PRO USDCHF, D, Long ,
USDCHF: USDCHF - Temporary Buy at .9635 and .9606. Stop .9574, Thursday
20 0 0
USDCHF, D Long
USDCHF - Temporary Buy at .9635 and .9606. Stop .9574, Thursday

A renewal of Asian selling yesterday confirmed our bearish call. But the resulting downside lacked the momentum to break below the overnight low and, towards the end of the day, more significant profit taking resulted. Net gains were not extensive, but enough to end a sequence of 5 down days and although Asia has seen modest downside, our studies are left ...

henrymcivor henrymcivor PRO URU, 120,
URU: URU Metals support and resistance taken from pitchfork.
105 1 3
URU, 120
URU Metals support and resistance taken from pitchfork.

I've taken the support and resistance lines from the pitchfork angels. See if the price continues on an uptrend within the blue price band.

jeffadb jeffadb GBPUSD, D,
GBPUSD: Remember BREXIT
94 0 3
GBPUSD, D
Remember BREXIT

The intersection of the median line (ML) of the upsloping pitchfork (PF) and the warning line (WL) of the downsloping pitchfork, creates an area of confluence (highlighted in turquoise) where there are alot of sellers in position. Confluence areas gives the trader an edge into the future in spotting massive accumulation of buyers and sellers. As price approaches ...

English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out
Browse
Video