Andrews Pitchfork

[arunaa]

Can you guys code a andrews pitch fork in Market scope..It consists of a median line and it seems to be a good trend indicator as well as support and resistance..

[TonyMod]

Can you guys code a andrews pitch fork in Market scope..It consists of a median line and it seems to be a good trend indicator as well as support and resistance..

Hello arunaa,

Andrews' Pitchfork is not really a indicator... Its a graphical tool, like Fibonacci that's available in MarketScope now.

This tool is currently in development, should be out sometime in March.

Cheers.

[Apprentice]

I hope that in the next version, will be included tools, such as,
Gann Grig, Gann Fan, Fibonacci Time Zones, Fibonacci Arc and Fibonacci Fan ..

[TonyMod]

I hope that in the next version, will be included tools, such as,
Gann Grig, Gann Fan, Fibonacci Time Zones, Fibonacci Arc and Fibonacci Fan ..

If it was up to me... Oh yeah, i would add that and much more I'll try to find out for you if they actually planning to release those tools soon as well.

[TonyMod]

I hope that in the next version, will be included tools, such as,
Gann Grig, Gann Fan, Fibonacci Time Zones, Fibonacci Arc and Fibonacci Fan ..

Hi,

I just noticed that new Marketscope update has Andrew's Pitchfork included. Did you have a chance to try it out?

[Apprentice]

Excellent job, I personally use a modified technique of application, as shown.
I indicate the starting point of the standard analysis.

The entire analysis is available in ATTACHMENT.

Personally I prefer a modification, gives me a more accurate determination of the future trend.

I was pleasantly surprised with Fibonacci time zones,
it seems to me that users may be interested in a similar tool, Cyclic Linear Tool,
distance between its lines are identical.