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Add Andrew's Pitchfork drawing tool.

Chart & drawings

Andrews' pitchfork is a popular tool of technical analysis. It takes the form of three lines: a median line, plus an upper and a lower line equidistant from it.


How to draw Andrew's Pitchfork:
On selecting the tool the user should pick 3 points on a chart, from the 1st point (anchor) a line is drawn that extends
through and beyond the mid-point between points 2 and 3. This line is called the median line.
From point 2 a line is drawn that is parallel to the median
line.
From point 3 a line is drawn that is parallel to the median line.
Now draw a line connecting point 2 to point 3. That
completes the configuration. (Screenshots 1)


As an extra. The space between the median line and parallel high & low lines may be divided following a Fibonacci ratio measure (retracement from the median line) thus creating the Fibonacci trend lines.

Posted by Ivan ·
14 comments

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Comments14

  • Robert

    •

    Jul 24

    I put up a fuller request covering the whole Andrews median-line toolset — pitchfork variants, warning/trigger lines, draggable anchors, snap-to-swing, and alerts on median-line touches, breaks, and rejections — plus why it pairs so well with ATAS order flow. Might be worth consolidating support in one place: Pitchfork Tool. Either way, I'd use this daily.

  • Robert

    •

    Aug 30

    Related request you might want to support — native Pitchfork / median-line tools for ATAS X: https://feedback.atas.net/p/pitchfork-tool — upvotes are what get features prioritized.

  • Tumurbaatar

    •

    Sep 22

    •

    Merged request

    •

    4 votes

    Add Andrew's Pitchfork drawing tool

    • Robert

      •

      Jul 24

      I put up a fuller request covering the whole Andrews median-line toolset — pitchfork variants, warning/trigger lines, draggable anchors, snap-to-swing, and alerts on median-line touches, breaks, and rejections — plus why it pairs so well with ATAS order flow. Might be worth consolidating support in one place: Pitchfork Tool. Either way, I'd use this daily.

    • Robert

      •

      Aug 30

      Related request you might want to support — native Pitchfork / median-line tools for ATAS X: https://feedback.atas.net/p/pitchfork-tool — upvotes are what get features prioritized.

  • Hakan

    •

    Sep 24

    •

    Merged request

    •

    3 votes

    Give me my pitchfork

    Hi there,

    I’d like to have Andrew's Pitchfork drawing tool in ATAS. It is a tool I use extensively. Taradingview has it and though I transitioned to ATAS, this is the only reason I keep Taradingview open.

    It would be awesome to have it.

    Thanks…

    • Robert

      •

      Jul 24

      Here, here! I’ve even offered to develop it, but it’s going to require extended plugin access.

    • Robert

      •

      Jul 24

      I put up a fuller request covering the whole Andrews median-line toolset — pitchfork variants, warning/trigger lines, draggable anchors, snap-to-swing, and alerts on median-line touches, breaks, and rejections — plus why it pairs so well with ATAS order flow. Might be worth consolidating support in one place: Pitchfork Tool. Either way, I'd use this daily.