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Andrews Pitchfork (Median Line)

  • #7,641
  • Aug 4, 2016 1:56pm Aug 4, 2016 1:56pm
USD/CAD Daily
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  • #7,642
  • Aug 4, 2016 10:03pm Aug 4, 2016 10:03pm
thank you ji..

Quoting AlexC
{quote} Use the indicator from this link: http://www.forexfactory.com/showthre...94#post3039794 In the variable Draw Warning Lines, set it true and in Number of Warning lines, set value to 2.
Success is a Journey Not a Destination....... kind regards ramzam
  • #7,643
  • Aug 4, 2016 10:30pm Aug 4, 2016 10:30pm
i drawn for gold 15 min. i got it .. as per the pic if gold price close above that top of andrews line then it will hit the warning line. fails will come to median line am i right?
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Success is a Journey Not a Destination....... kind regards ramzam
  • #7,644
  • Aug 4, 2016 10:33pm Aug 4, 2016 10:33pm
much of thanks caveman. AlexC has shown me this post... wonderful work for my searching.... thank you once again ji...



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...
Success is a Journey Not a Destination....... kind regards ramzam
  • #7,645
  • Aug 4, 2016 11:13pm Aug 4, 2016 11:13pm
Dear Caveman
just now i am practice this indicator after long search. i drawn one andrewpitchfork and named as AL1 it gives all the required lines...
suppose if i want another one andrew pitchfork means what should i do. i gave AL2 BUT IT IS SAYING ALREADY ONE PITCHFORK IS THERE. SORRY FOR SILLY DOUBT


Quoting caveman
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 .... {quote} {quote} 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...
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Success is a Journey Not a Destination....... kind regards ramzam
  • #7,646
  • Aug 8, 2016 9:15pm Aug 8, 2016 9:15pm
"All (pitch)forks are not created equal."

Inserted Video
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #7,647
  • Aug 16, 2016 5:40am Aug 16, 2016 5:40am
Quoting kapital
"All (pitch)forks are not created equal." https://www.youtube.com/watch?v=hiHOqMOJTH4
True. You have to tune in.

UsdCad Daily
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  • #7,648
  • Aug 17, 2016 1:46am Aug 17, 2016 1:46am
Planning a possible short:

  1. Market has some difficulty to do new high
  2. Nice FrequencyLine
  3. Nice Risk/Reward ( Target Possibly Set at 0.74400 )
  4. Nice Sell orders at 0.77200 with stop above 0.77600
  5. I would be more comfortable if price will take out the low at 0.76220
  6. Price can possibly take out the high at 0.77600 to run Stop, the fact is that the low at 0.76220 has not receive any damage


Let's see the next bars...

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  • #7,649
  • Aug 17, 2016 2:48pm Aug 17, 2016 2:48pm
USD Index Daily
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  • #7,650
  • Aug 17, 2016 2:56pm Aug 17, 2016 2:56pm
Chose what you want to do:

 

  1. Play for a long side, remember against the trend
  2. Short bias
  3. Wait Market s breath and then plan a short

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  • #7,651
  • Aug 17, 2016 3:03pm Aug 17, 2016 3:03pm
Quoting AlexC
USD Index Daily {image}
Good Evening Sir. Alex

I don't really get the point of your 50% line on the Pitchfork, for me are useless.
Please explain your opinion,
Looking forward to hear different way of thinking.
  • #7,652
  • Aug 17, 2016 10:07pm Aug 17, 2016 10:07pm
Quoting Emanuele.
{quote} Good Evening Sir. Alex I don't really get the point of your 50% line on the Pitchfork, for me are useless. Please explain your opinion, Looking forward to hear different way of thinking.
Take for example, for clarity's sake, the usdcad daily chart I posted above on Aug 16th. You can see how price reacted many times to the half way back, 50% areas above and below the median line.
For one, it confirms that the angle of the fork is correct.
Two, if you are a short term trader, it provides a potential entry or exit, catching even the smaller waves within the "big picture" fork.
If your strictly a swing trader, the 50% or even less quartile lines are unnecessary.
  • #7,653
  • Aug 18, 2016 1:41am Aug 18, 2016 1:41am
"If your strictly a swing trader, the 50% or even less quartile lines are unnecessary."

Maybe this is the point. But i suggest to do some research the inner lines have a badly statistic, i mean almost the time are noise in my opinion.

Thanks for let me know your opinion.

Emanuele.
  • #7,654
  • Aug 19, 2016 3:57am Aug 19, 2016 3:57am
Quoting auxesis
{quote} Kap, the angle of red b to c line was reflected down and shown as the long teal line that intersects the horizontal teal line drawn from b intersecting at the point marked time/price. The burgundy line in question is half the angle from the vertical teal line from c. I'd say XT hand drew the lines, the concept was probably his intent. a

Looks promising...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #7,655
  • Aug 19, 2016 10:37am Aug 19, 2016 10:37am
UPDATE (added additional purple line)
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #7,656
  • Aug 19, 2016 8:10pm Aug 19, 2016 8:10pm
Quoting kapital
{quote} Looks promising... {image}
Kap, the reflective lines XT shared are a stand alone tool, here they are used in conjunction with a fork. Explore the reflective angles and their divisions by them selves, there's a lot there.

Regards,
a
  • #7,657
  • Aug 20, 2016 6:56pm Aug 20, 2016 6:56pm
Quoting auxesis
{quote} Kap, the reflective lines XT shared are a stand alone tool, here they are used in conjunction with a fork. Explore the reflective angles and their divisions by them selves, there's a lot there. Regards, a

Good to hear from you again my friend.

Do you have an example or two to share?
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #7,658
  • Aug 21, 2016 6:23am Aug 21, 2016 6:23am
I`m expecting a bearish move soon.
I got the idea for the values from the mobile version of mt4, (1.00 1.618 2.00 2.618 3.00 3.618 for tradingview`s pitchfork). I found it quite interesting so I`m currently using this particular pitchfork. On the main dark blue pitchfork the price is in a channel between 3.00 and 3.618 pl at the moment. On my new orange pitchfork, the price is near the top line. Also the diagonal gray dotted lines are reaction lines, the price is near one now on my chart.
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The truth is hidden from you
  • #7,659
  • Aug 21, 2016 7:22am Aug 21, 2016 7:22am
gj someone tell me if this one looks ok
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  • #7,660
  • Aug 22, 2016 12:35am Aug 22, 2016 12:35am
Quoting MaxenshteinD
I`m expecting a bearish move soon. I got the idea for the values from the mobile version of mt4, (1.00 1.618 2.00 2.618 3.00 3.618 for tradingview`s pitchfork). I found it quite interesting so I`m currently using this particular pitchfork. On the main dark blue pitchfork the price is in a channel between 3.00 and 3.618 pl at the moment. On my new orange pitchfork, the price is near the top line. Also the diagonal gray dotted lines are reaction lines, the price is near one now on my chart. {image}

Nice chart!
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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