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Andrew s pitchfork mt4 indicator download


Defining Pitchfork
Available in numerous programs and charting packages, pitchfork Andrew (sometimes called "median line studies") is widely recognized by both novice and experienced traders. To compare the work-of-the-mill support and resistance lines, two serious offers application support / resistance lines in the middle line that can serve as support / resistance or as a pseudo-regression line. Andrews believes that the market price action will gravitate towards the median line 80% of the time, with wild fluctuations or changes in mood accounting for the remaining 20%. As a result, the overall long term trend (in theory) will remain unchanged, regardless of minor fluctuations. If the mood changes and supply and demand forces shift, prices will stray, creating a new trend. These situations can create substantial profit opportunities in foreign markets. Merchant can increase the accuracy of these trades using the pitchfork Andrew combined with other technical indicators.


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Posted in  on 22:29 by herman |   Edit