Andrews Pitchfork Mt4 G3

What is Andrews' Pitchfork? Andrews' pitchfork is a tool of technical analysis developed by Alan Andrews. It is used to identify support and resistance areas. Drawing Andrews' Pitchfork. To draw an Andrews' pitchfork, you should identify three points on the chart: The first point is a major peak or trough on the left side of the chart. Andrews’ Pitchfork can be an excellent tool for trend analysis that can help deal with the deviation or the changing angle of a trend. Andrews’ Pitchfork also works well combined with other technical indicators. Many traders add Fibonacci retracement and extension levels to the standard three-pronged pitchfork.

• Metacritic
• Thunder Tiger Mt4 G3

• Aug 28, 2009 11:49amAug 28, 2009 11:49am

• Joined Dec 2008Status: Get rich slowly...653 Posts

Just draw a trendline over the Andrews Line that you want to watch...set the id name for the trend line as per tesla's instructions and you should be set.

• Sep 2, 2009 9:02pmSep 2, 2009 9:02pm

• Sep 3, 2009 8:11amSep 3, 2009 8:11am

Trade hit stop loss this time round.

• Sep 10, 2009 12:08amSep 10, 2009 12:08am

• Joined Dec 2008Status: hunting for pips ...259 Posts

Hi all,
Like to share this indicator with all Andrew's median line practitioners. Scrutch was the one who asked me to code an improvement to MT4 pitchfork tool more than 6 months ago. With his help, it is now finally completed.
I have been using Andrew's Median Lines (AML) for quite a while now in my trading and have found them to be very accurate and has helped me tremendously in my trading. It is with sincere hope that this indicator will help you in your trading using Andrew's median lines.
The indicator is designed with ease of use in mind and is highly customizable to suit each individual preference.
Here goes. Attached below are simple usage instructions, configuration options and a chart with the indicator active.
The source code is also included. The copyright stays with me but you are free to modify and improve on it as long as it is not for commercial gains. This is my way of giving back to the community here.
Cheers,
CaveMan
Note:
You will need to know quite a bit of Andrew's median line concepts to utilize and appreciate this indicator.
//+----------------------------------------------------------------------------------------------------------+
//
// A simple indicator to draw Andrew's Median Lines with support for
//
// 1. Inner Lines (using Fibonacci levels and standard equal portions)
// 2. Warning Lines
// 3. Reaction Lines
// 4. Trigger Lines
// 5. Sliding Parallel Lines
// 6. Andrew's, Schiff, Modified Schiff and Catalin
//
// To start using the indicator, start by plotting a Pitchfork onto the chart.
// Next, rename the Pitchfork to the name you set in the indicator. Default is AL1.
//
// Then go to the indicator property for options to custom configure to your own preference.
//
// Remember to set these 2 option below to fit your charts color settings.
//
// Original_AL_Color = DimGray;
// Chart_Bkgrd_Color = Black;
//
// If you want to hide the original Andrew's Median Lines when using other variations, set the Original_AL_Color
// to be the same as Chart_Bkgrd_Color. Otherwise, set it to other colors.
//
// Instructions for using Sliding Parallel Lines
//
// 3 Sliding Parallel Lines are supported. To use Sliding Parallel Lines, just draw a trend line and rename
// it to AL_Name + SP1 or SP2 or SP3.
//
// e.g.
// if using default AL_Name of AL1, then rename your sliding parallel lines as AL1SP1, AL1SP2 and AL1SP3.
//
// Multiple instances of the indicator can be loaded to support multiple Andrew's Median Lines on a chart.
// Be sure to allocate unique names to each of the ALs. The same applies for the sliding parallel lines.
//
// e.g. if using 2nd AL with AL_Name AL2, then sliding parallels for this AL is AL2SP1, AL2SP2 and AL3SP3.
//
// If using multiple instances, be sure to shift the label for the second AL. Otherwise the label will
// overlap each other. Do this by adding 20 to the setting 'label_y_shift' for the second instance.
//
// That's it.
//
//+----------------------------------------------------------------------------------------------------------+
AL_Name = 'AL1';
Choose_Type_of_Meridian_Lines = 1;

Option_1 = 'Andrew ML';
Option_2 = 'Schiff ML (time same, price half P0 P1)';
Option_3 = 'Modified Schiff ML (price and time half P0 P1)';
Option_4 = 'Catalin ML (time same, price P0 = P2)';

Original_AL_Color = DimGray; 'Set same color as chart background to hide original AL when using modified MLs.';
Chart_Bkgrd_Color = Black;
Draw_Trigger_Lines = false;
Draw_Inner_Lines = true;
Use_Fib_Levels_4_Inner_Lines = true;
'True means use Fibonacci Levels. 4 Inner Lines. False means equally divided. Set no. of lines.'
Num_Of__Inner_Lines_2_or_6 = 2;
Draw_Warning_Lines = true;
Num_Of_Warning_Lines = 6;
Draw_Reaction_Lines = false;
Num_Of_Reaction_Lines = 6;
Extend_Reaction_Lines = true;
Draw_Sliding_Parallel = true;
Main_AL_Color = Teal
Main_AL_Style = 0;
Main_AL_Width = 0;
Modified_AL_Color = Blue;
Modified_AL_Style = 0;
Modified_AL_Width = 0;
Upper_LN1_Color = Gray;
Upper_LN1_Style = STYLE_DOT;
Upper_LN1_Width = 0;
Upper_LN2_Color = Gray;
Upper_LN2_Style = STYLE_DASH;
Upper_LN2_Width = 0;
Upper_LN3_Color = Gray;
Upper_LN3_Style = STYLE_DOT;
Upper_LN3_Width = 0;
Lower_LN1_Color = Gray;
Lower_LN1_Style = STYLE_DOT;
Lower_LN1_Width = 0;
Lower_LN2_Color = Gray;
Lower_LN2_Style = STYLE_DASH;
Lower_LN2_Width = 0;
Lower_LN3_Color = Gray;
Lower_LN3_Style = STYLE_DOT;
Lower_LN3_Width = 0;
Warning_LN_Color = Brown;
Warning_LN_Style = STYLE_DASHDOT;
Warning_LN_Width = 0;
Reaction_LN_Color = Brown;
Reaction_LN_Style = STYLE_DASHDOT;
Reaction_LN_Width = 0;
Sliding_Parallel_Color = Yellow;
Sliding_Parallel_Style = STYLE_SOLID;
Sliding_Parallel_Width = 0;
Trigger_Lines_Color = Gray;
Trigger_Lines_Style = STYLE_DASHDOTDOT;
Trigger_Lines_Width = 0;
show_label = true;
label_color = Red;
label_window_corner = 0;
label_x_shift = 5;
label_y_shift = 20;
label_font_type = 'Arial';
label_font_size = 10;

• Sep 10, 2009 12:21amSep 10, 2009 12:21am

• Joined Jul 2007Status: Harmonics & Market Geometry784 Posts

Hi Kav:
I received the indicator earlier from Scrutch and still haven't the chance to play with it (and revert back to Scrutch!! Sorry!). I will definitely try my hands on these and hopefully can contribute for some inputs. Thanks Caveman and Scrutch for the efforts and sharing. Haven't really look hard enough on things; but I like your 'warning lines' so far. Take care guys and will try my best to catch up with your guys.
Have a good one
Jeff

• Sep 10, 2009 12:52amSep 10, 2009 12:52am

• Joined Dec 2008Status: hunting for pips ...259 Posts

Hi Jeff,

Metacritic

Please download this version here. The older version had some inaccuracies that were solved in this latest version.
I completely revamp all my higher TF charts with this new indicator. Before this, I hardly draw warning lines to this extend or even trade off them. Didn't realize that I was missing so much information.
I was very pleasantly surprised and shocked when I completed the H4 charts for EUR/USD, EUR/JPY, AUD/USD and GBP/USD.
It would have been so much easier to trade with those warning lines in place.
Cheers,
CaveMan

• Sep 10, 2009 1:20amSep 10, 2009 1:20am

• Joined Jul 2007Status: Harmonics & Market Geometry784 Posts

Ok thanks for the info. Just downloaded this version and slapped on the 15-min Eur/Usd (though I use 20-min) for these Warning Lines; there are no differences between the two time frames anyway. Yes, I am glad that you have discovered by yourself the importance of Warning Lines; more so than the Sliding Parallels; as the Warning Lines are pretty much 'Another Andrew's Lines Set' of the original Andrew's Lines; price actions will definitely react accordingly in these important junctures. Not to mention, they are a reliable assistance in triggering an entry. Thanks again Kav and Scrutch, for dishing out your time to creat this and the original codings. Take care.
Edit: I did mention previously on Cobra's site the importance to extend our analysis on Warning Lines; if you have time, please check it out. Take care.
Such a beauty .... love it!
Have a good one
Jeff

• Sep 10, 2009 4:51amSep 10, 2009 4:51am

• Joined Mar 2008Status: Member131 Posts

• Sep 10, 2009 8:32amSep 10, 2009 8:32am

• Joined Jul 2007Status: Harmonics & Market Geometry784 Posts

It's not an indicator, you have to pick your own fork first and rename this fork; in which the name should be the same as for 'AL_Name'

• Sep 10, 2009 10:55amSep 10, 2009 10:55am

• Joined Apr 2009Status: Member3,351 Posts

Thank you Caveman for this nice indicator.

• Sep 10, 2009 11:01amSep 10, 2009 11:01am

• Joined Mar 2008Status: Member131 Posts

I see, thanks for the answer!

• Sep 11, 2009 5:14amSep 11, 2009 5:14am

• Membership DeniedJoined Sep 20091 Post

• Sep 11, 2009 11:58amSep 11, 2009 11:58am

• Joined May 2005Status: Member779 Posts

• Sep 18, 2009 10:21amSep 18, 2009 10:21am

• Joined Sep 2009Status: Junior Member1 Post

• Sep 18, 2009 2:26pmSep 18, 2009 2:26pm

• Joined Apr 2005Status: Dopey Bastard1,568 Posts

• Sep 27, 2009 7:08amSep 27, 2009 7:08am

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• Sep 30, 2009 12:36pmSep 30, 2009 12:36pm

Thunder Tiger Mt4 G3

• Sep 30, 2009 3:00pmSep 30, 2009 3:00pm

• Joined Apr 2005Status: Dopey Bastard1,568 Posts

Tim Morge has come up with a platform that removes the time. Supposedly it works very well. If you go to his site, then look at his archived posts and charts you'll see example of it. I suggest you contact him about it. It's going to cost you though, it ain't MT4, that's for sure.

• Edited at 7:38pmOct 9, 2009 3:08am Editedat 7:38pm

• Oct 9, 2009 4:54amOct 9, 2009 4:54am

• Joined Dec 2008Status: hunting for pips ...259 Posts

For a moment there, I thought no body was using it ..... glad you guys are using it... ALs are just amazing....
Hope the tool is saving you lots of drawing time and giving you the much needed time for in depth analysis to get more pips ....
morxxx,
For your request, I am quite relunctant to add mini-warning as it then puts too many lines on the charts. It will become very confusing impeding your judgment. Not forgetting that ALs are not the only lines on the charts, you will have your S/R levels from higher TF and maybe a fib as well....

• Determines channels and trends
• Draws Median Line
• Precision
• Automatization

FxCraft Pitchfork Indicator (Median Line) facilitates the determination of the median on the graph automatically or semi-automatically on the basis of local extremes determined by the type indicator ZigZag.

The main advantage is a significant accelerationof determining the desired formation in real time present or past using keyboard shortcuts.

An additional advantage is the full precisionof anchor points as opposed to manual tools, which are subject to error selected points on the graph by the user.

FxCraft Pitchfork Indicator (Median Line) is an indicator, which was created in collaboration with a group of analysts and traders EaFx (www.eaforex.pl)

We encourage you to read the full User Manual and to download a trial version that can be used without restriction for 10 days for free.