What is Andrew’s Pitchfork?

What is Andrew’s Pitchfork: A technical analysis indicator that is drawn on a chart, Andrew’s Pitchfork consists of straight, parallel lines that serve as dynamic support and resistance levels within a trend.

Category: Technical analysis indicator

How is Andrew’s Pitchfork Used: Outer lines are often used to denote support and resistance within the context of a trend. In an uptrend, the lower line is viewed as support while the upper line is seen as resistance. In a downtrend, the upper line is viewed as resistance while the lower line is viewed as support. The “median” line (in the middle) can be used as a mean reversion measure within a trend.

What Does Andrew’s Pitchfork Consist of: Three consecutive and alternating peaks and troughs are pinpointed and used to draw the pitchfork. Once these three points are chosen, a pitchfork is automatically formed with a median line and parallel trend lines above and below the median line.

What Does Andrew’s Pitchfork Look Like:

Chart of Andrew's Pitchfork
Chart of Andrew’s Pitchfork – Source: TheTechnicals.com and TradingView

<<< Back to ‘What is…?’


IMPORTANT: TheTechnicals.com makes the information on this website available as a service to be used for informational purposes only. While we have tried to provide accurate and timely information, and have relied on sources we believe to be reliable, the site may include inadvertent technical or factual inaccuracies or omissions. We do not warrant the accuracy or completeness of the materials provided.

Neither TheTechnicals.com nor any of its affiliates, directors, officers or employees, will be liable or have any responsibility for any loss or damage that you may incur in the event of any failure or interruptions of this site, or the data contained in it, or from any other cause relating to your access to, inability to access, or use of this site or these materials.