What is Andrews Pitchfork?
Andrew’s Pitchfork is a technical indicator that uses three parallel trendlines to identify possible levels of support and resistance. The trendlines are created by placing three points at the end of identified trends. This is usually achieved by placing the points in three consecutive peaks or troughs. Once the points have been placed, a straight line is drawn from the first point that intersects the midpoint of the other two. Andrew’s Pitchfork is also known as “median line studies”.
