Andrews’ Pitchfork

Andrews’ Pitchfork, also known as the Median Line (ML) method, Andrews Lines, and Median Lines of Resistance (M.L.R.), was developed by Dr. Alan Andrews. This method employs three points. First, a line is drawn between a significant high (point A) and a significant low (point B). This line is bisected, and the median of this line forms a base point for the second line, known as the median line. You then identify the second base point (point C) for the median line at any point preceding the significant high and significant low that form the first line. The pitchfork is drawn by inserting trend two trend lines, one from the significant high, the other from the significant low, parallel to the median line. The resulting formation creates channels.

images/aspen00000428.gif

To draw an Andrews’ Pitchfork, follow these steps:

1. Identify a significant high (point A).

2. Identify a significant low (point B).

3. Identify a significant price (point C) preceding the prices identified in steps one and two.

4. Display the Trend Line Functions menu.

5. Select Andrews’ Pitchfork.

The trend line cursor changes to a pencil.

6. Move the trend line cursor to the significant high (point A).

Drag the mouse.

Press the arrow keys.

7. Mark the significant high (point A).

Click the left mouse key.

Press f.

8. Move the pencil to the significant low (point B).

Drag the mouse.

Press the arrow keys.

A line is drawn as you move the pencil.

9. Mark the significant low (point B).

Click the left mouse key.

Press u.

The line between the significant high and significant low is bisected; the median line is inserted, anchored by the bisection point and the pencil.

10. Move the pencil to point C.

Drag the mouse.

Press the arrow keys.

The median line pivots as you move the pencil.

11. Mark point C.

Click the left mouse key.

Press u.

The median line is locked into place; trend lines parallel to the median line are extended from points A and B.