Andrews Pitchfork (Median Line) | Page 401 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better Andrews Pitchfork and MT4 15 replies

Andrews Pitchfork 120 replies

Andrews Pitchfork video 22 replies

median line Bollinger band cross 3 replies

Attachments: Andrews Pitchfork (Median Line)
Exit Attachments

Andrews Pitchfork (Median Line)

  • #8,001
  • Aug 25, 2020 2:11pm Aug 25, 2020 2:11pm
Quoting TimMorge
{quote} I know other people have chimed in--I was not available to post for a time--but look at your pitchfork, just look at it. Price had obviously changed behavior. Price was making higher highs and higher lows, crusing in a nice up trend. Then it flattened out and made a nice top, then it changed direction and behavior--and YOU have to recognize that and draw in the down sloping Median Line or pitchfork, which I think Surya did a few posts later. Pitchforks get a bad reputation because people treat them like the lagging 200 moving average indicator...
One of Tim's old posts...rest well my friend.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8,002
  • Sep 2, 2020 10:10am Sep 2, 2020 10:10am
Sorry to hear about Tim. Were Tim and Shane still working together. I've fell off the trading scene for a couple of years and lost track. I don't see Shane mentioned on the MarketGeometry webstie. Thanks
  • #8,003
  • Sep 2, 2020 12:21pm Sep 2, 2020 12:21pm
Quoting Sossos
Sorry to hear about Tim. Were Tim and Shane still working together. I've fell off the trading scene for a couple of years and lost track. I don't see Shane mentioned on the MarketGeometry webstie. Thanks
Since May 2019, Shane has been teaching his own methodology on Language of Markets. His focus is primarily on market structure and price action rather than median lines.
  • #8,004
  • Sep 7, 2020 5:55pm Sep 7, 2020 5:55pm
Quoting caveman
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...
This indicator seems to be good with quite a few customised option. Does anyone have working copy of this indicator. I downloaded from this post but doesnt do anything on MT4 platform. Not sure what am i missing.
  • #8,005
  • Sep 9, 2020 8:25am Sep 9, 2020 8:25am
Thanks for the reply, Jami. I found Language of the markets earlier and listened to the videos Shane has been putting up. In my opinion, his teaching is getting better. I mentored with Shane a number of years back and just listening to those videos, I can see some good changes in his certainty of methodology. Also the clarity is coming thru. I don't really like cryptic and he played that student discovery thing fairly often.
  • #8,006
  • Sep 10, 2020 7:10am Sep 10, 2020 7:10am
Quoting Thakkx
{quote} This indicator seems to be good with quite a few customised option. Does anyone have working copy of this indicator. I downloaded from this post but doesnt do anything on MT4 platform. Not sure what am i missing.
Ignore as I didnt read the full instruction that was clearly mentioned to rename the existing fork to AL1. Apology for not reading the nicely written instruction.
  • #8,007
  • Sep 24, 2020 12:38am Sep 24, 2020 12:38am
Tenet Pitchforks
Attached Image (click to enlarge)
Click to Enlarge Name: TENET PITCHFORK.png Size: 79 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8,008
  • Sep 24, 2020 1:35am Sep 24, 2020 1:35am
Quoting justcatalin
Get in, Get out, No One Gets Hurt... Our father Timothy Morge and his technique of http://www.medianline.com/ has passed away In respect for everything that he did for us and for his family i want to say, Tim, rest in peace and we are going to continue your journey. August 17 from Katherine Morge https://www.facebook.com/kathylueken It is with great sadness that I say good-bye to my youngest brother, Timothy...
Justcatalin, thanks for sharing your heart-felt words.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8,009
  • Oct 5, 2020 2:32pm Oct 5, 2020 2:32pm
Hourly GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: ADVANCED PITCHFORK.png Size: 66 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8,010
  • Oct 5, 2020 4:30pm Oct 5, 2020 4:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-10-05 at 3.15.51 PM.png Size: 571 KB
Quoting kapital
Hourly GBP/USD {image}
Three alternating pivots are needed for a median line.
Here the red modified ML outlines a downward path of price. Modified Schiffs essentially change a standard ML to a ML that follows the current path of price based on swings. Here red A to B was taken out by C therefore price was moving down.
With a modified Schiff a A to B projects C to D. D is the completion of the sine wave whether using a standard ML or modified Schiff ML. Once D is firmly in place a trade can be contemplated.
In this case the price action that led to red D was quite bullish. A blue modified Schiff here with its own ABC (D not yet put in) was inserted showing the most recent upward path of price. Notice Blue C took out Blue A to make a new relative high. The red arrows signify pivots on the way up and are a essential elements of price action that cannot be ignored. The bullish price action that led to blue C (a new relative high) could not be dismissed. A "bump/gift occurred when price fell back to the bullish price action origin shown by the orange rectangle.
A lot of information here but in regards to median lines it's elementary.
  • #8,011
  • Oct 6, 2020 2:39am Oct 6, 2020 2:39am
Quoting Winston Reed
{image}{quote} Three alternating pivots are needed for a median line.
There are pivots you see...and pivots you don't see.
Attached Image (click to enlarge)
Click to Enlarge Name: ADVANCED PITCHFORK.png Size: 100 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8,012
  • Oct 6, 2020 8:08am Oct 6, 2020 8:08am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-10-06 at 6.56.08 AM.png Size: 558 KB
Understanding market structure and being able to map it effectively is essential to trading.

Swings or waves within trends are an effective paradigm to understand market structure. In the chart below A to B is a corrective wave and B to C is an impulse wave.

A,B,C effectively becomes a trend when C exceeds B.

Median lines take the distance from A to B and project it as C to D.

A standard median line and a modified Schiff median line are shown. Both are drawn from the same three points of market structure. Both can be used effectively. One is not better than the other.

These are some very basic concepts of median lines and are foundational to further understanding.
  • #8,013
  • Edited 9:50am Oct 6, 2020 8:45am | Edited 9:50am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-10-06 at 6.56.08 AM.png Size: 558 KB

The idea that A to B projects C to D is foundational. It is the basis of the sine wave as shown. Once price successfully satisfies the projection the sine wave is completed and also the median line is completed.

Andrew's and others including Tim Morge stated that price will reach the median line about 80% of the time. This is essentially saying that A-B will successfully project C-D about 80% of the time. Of course this concept can successfully be used as a beginning to a trading strategy.

Using median lines to trade capitalizes on the movement of price between pivots. The three most important pivots are A,B,C because they form the beginning of a potentially completed median line. Remember its not complete until A,B,C,D are all completed.

Pivots often have readily identifiable price action that can be exploited. Not only the basic pivots of A,B,C and D but also pivots that form as price moves between A,B,C and D.

Once a ML has completed using it further can be done but can be troublesome. Why? Because its the movement of price between pivots that one should focus on and not necessarily that price may react to the lines of a ML as support and resistance. While a completed ML can continue to be used many begin using it as a channel which was not the intention of MLs. Below are 5 basic rules that Andrews populated regarding MLs. None use MLs as channels or as support and resistance.


Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-02-16 at 6.56.06 AM.png Size: 103 KB
  • #8,014
  • Oct 6, 2020 8:58am Oct 6, 2020 8:58am
My 1 st post eur usd sm orderblock and pitchfork ptz .
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD SM ORDB MP 4H PTZ.tpl SCHIFF ANDREW PIRCH FORK.png Size: 52 KB
Say something meaningful or Silence!!
  • #8,015
  • Oct 6, 2020 9:04am Oct 6, 2020 9:04am
GOLD APF ORDB PTZ
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD APF ORDB PTZ.png Size: 43 KB
Say something meaningful or Silence!!
  • #8,016
  • Oct 6, 2020 9:08am Oct 6, 2020 9:08am
Gold apf ordb 1h ptz
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD APF ORDB 1H PTZ.png Size: 42 KB
Say something meaningful or Silence!!
  • #8,017
  • Oct 6, 2020 11:27am Oct 6, 2020 11:27am
Gbp usd apf ordb ptz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD APF ORDB PTZ.png Size: 42 KB
Say something meaningful or Silence!!
  • #8,018
  • Oct 6, 2020 8:54pm Oct 6, 2020 8:54pm
Dxy apf ordb key ptz
Attached Image (click to enlarge)
Click to Enlarge Name: DXY APF ORDB PTZ.png Size: 40 KB
Say something meaningful or Silence!!
  • #8,019
  • Oct 7, 2020 4:15am Oct 7, 2020 4:15am
Winston, in the last chart you posted, do you see a reason for a valid entry prior to price reaching the median line of the upward pitchfork?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8,020
  • Oct 7, 2020 12:58pm Oct 7, 2020 12:58pm
Quoting kapital
Winston, in the last chart you posted, do you see a reason for a valid entry prior to price reaching the median line of the upward pitchfork?
Sure there are two valid entries but hindsight is 20:20 so with that in mind...
Median line traders know that after pivot C is in the probability of price reaching the median line is about 80%. Yet many are often disappointed and quickly find out that pivot C can be illusive. Understanding pivots is a whole discussion in itself so I won't bore you for now.

Entry 1: In this chart we know pivot C was valid given the advantage of hindsight. Price action afterwards tested the lower parallel and provided at least 2 opportunities to get long. The R:R by itself was worth the entry. I'm not a big fan of test/retest and I know Tim Morge taught this but I have found it unhelpful in my own trading but that's just me. I prefer a particular type of price action which again would be another discussion.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-10-07 at 11.43.05 AM.png Size: 405 KB

Entry 2: This is an entry that actually would have occurred after price reached the ML for the first time but it worth mentioning. The R:R is not that great. By the way R:R should be considered in every trade. Less that 3:1 I don't consider.

After price busted through sellers shown by the red rectangle a secondary standard ML could be inserted. This secondary ML shows price reaching its ML and the PA in this area is worthy of an entry. The SL is not bad and the R:R could be justified.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-10-07 at 11.54.02 AM.png Size: 451 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-10-07 at 11.54.02 AM.png Size: 451 KB
0 traders viewing now