Andrews Pitchfork (Median Line)

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.

A nice sell oportunity on GBPUSD just come up.

Trade hit stop loss this time round.

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;

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

Hi Jeff,

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

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

Hello guys, i want to try this indie, but i can`t get it to work on my charts. I copy it to correct folder, restart metatrader, but nothing happens when i put it on the chart.

Can anyone point me in the right direction please?

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"

Thank you Caveman for this nice indicator.

I see, thanks for the answer!

hello,


i too heard about andrews pitchfork and started my tradind based on that median, upper crest and bottom trough, but i have to read more about that ......... its good to see that tool back........ hope we can use it well...............

I have to say BIG THANKS for the indicator... this changes a lot.

HI CAVEMAN , what a great work you had done. and i just have one request could you put a 50% warning lines between the main warning lines. i mean dividing the space between each warning lines and a put a another mini warning line between them. i think these extra lines sometimes help. and again thanks for your great work

Wow. Great job, Caveman.

Hi Catalin，
This is wen from China,i am a pitchfork novice,
Could you enlighten me how to draw pitchfork in Eur/USD forex?My question is how to select the timeframe to use it.Thanks

Regards
Wen Liu / China

I've become aware of how it is better to use range bars (rbs) as opposed to candlesticks when drawing pitchforks because range bars takes the time out of the equation and allows the trader to map the market better. I have two questions in regards to this:

1) Where can I find charting software (free-of-use/demo) which uses range bars?

2) Has anyone ever come up with a way to still use candlesticks and draw the pitchforks in a way where the time is not a factor?

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.

Median lines are the only trading tool I have been able to consistently generate pips from. I know there are other tools out there, but this is what works for me.

One of the very few leading indicators, median lines are also backed up by solid statistics, and not hype, unlike most indicators; see http://le-blog-de-reklats.over-blog....-30572730.html.

But median lines are no holy grail, you don’t just switch them on, and all the work is done for you; unlike typical indicators. No!, median lines force you to work, force you to consider and understand the market structure and price action, in the present context. Median lines force you to become a trader.

Google Tim Morge, he’s the median line guru, and has taught me what I know about MLs; and no it wont cost you anything, nor do you need to buy anything.

** chart below AUDUSD 20min, open short 20.20 GMT, close short 9.00GMT, +36

all the best

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....