Handle -Starting Date/Time, color, width, and style of the handle of the fork. The Schiff Pitchfork similarly adjust it's handle, keeping the same horizontal (datetime) position as the original Andrew's Pitchfork handle (point A in chart above), but adjust the vertical position to half the vertical distance between points A and B. The Modified Schiff pitchfork can be seen below in blue. The Modified Schiff pitchfork moves the handle instead to the midpoint between the handle (point A) and the base of the tine furthest removed from point A (point B). The chart below shows the handle position labelled A. Modified Schiff Pitchfork are very similar to Andrew's Pitchforks in every way except the placement of the handle. Any of these three points on the pitchfork may then be adjusted by simply clicking on the point, and then clicking on the bar to which you would like that point moved.
Then, click three times in the chart, first on the bar on which the pitchfork handle should begin, second, on the bar where the high tine should begin, and third on the bar where the low tine should begin. The multiples can be separated by a comma or a space and they may be whole or decimal numbers.Īndrew's Pitchfork can be quickly added to a chart by clicking on the Pitchfork button in the charting toolbar. If you would like to add two additional tines on each side, equally spaced, then you would specify "2, 3" as the tine multiples. By definition, the standard tines will be drawn at a multiple of 1. Each multiple represents a multiple of the distance from the base trendline to the standard tines. These lines are the "tines" of the pitchfork.Īdditional tines may be added to the Pitchfork by checking the "Draw Additional Tines" checkbox and by specifying the multiple(s) in the "Tine Multiple(s)" checkbox. The second and third trendlines are then drawn beginning at the two right-most points (a major peak and a major trough) and are drawn parallel to the first line. This line is the "handle" of the pitchfork. The first trendline begins at the left-most point selected (either a major peak or trough) and is drawn so it passes directly between the two right-most points. This upper and lower tines of the pitchfork provide support and resistance levels. Andrews' Pitchfork is a line study consisting of three parallel trendlines based on three user selected points in time.
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