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ANDREWS PITCH-FORK


Andrews Pitchfork

04/01/00 01:40:15 AM
by Jason K. Hutson

Andrews Pitchfork

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Alan Andrews developed one such technique, which he called the median line method. The median line method calls for drawing a line from a high or low price level through the median price of a subsequent corrective rally or decline and once that is done, adding parallel lines above and below the median line from the corrective highs and lows. This results in three lines: a long center line (the median line), an upper channel line and a lower channel line. Each line defines potential support or resistance. Because of the shape it makes on a price chart, the median line method soon became known as the Andrews pitchfork. The long center
median line resembles a handle, while the two shorter parallel lines are the tines of the pitchfork.



Jason K. Hutson

Traders.com Staff Writer. Enjoys trendlines, support and resistance, moving averages, RSI, MACD, ADX, Bollinger bands, parabolic SAR, chart formations, and volume analysis.

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