This thread is about charting with Median Lines.
Median, compared to mean or average, is by definition the middle of a sorted list of numbers.
Median Lines use 3 pivot points and have an 80% probability of being true. Also refered to as Andrew's Pitchfork, is what Dr. Alan H. Andrews developed for trading the market around the 1920ies. Search his name and you will find a lot of information on the subject.
Most trading platforms have this indicator included. I optionally use the indicator AML_v1 for the MT4 platform.
Here's a link to the indicator: http://www.forexfactory.com/showthre...94#post3039794
Trend lines can be supplemental too when charting.
Keeping it as simple as possible.
Median, compared to mean or average, is by definition the middle of a sorted list of numbers.
Median Lines use 3 pivot points and have an 80% probability of being true. Also refered to as Andrew's Pitchfork, is what Dr. Alan H. Andrews developed for trading the market around the 1920ies. Search his name and you will find a lot of information on the subject.
Most trading platforms have this indicator included. I optionally use the indicator AML_v1 for the MT4 platform.
Here's a link to the indicator: http://www.forexfactory.com/showthre...94#post3039794
Trend lines can be supplemental too when charting.
Keeping it as simple as possible.
