To analyze median line trading using the Andrews Pitchfork, you need to draw three key points on a chart that represent recent highs and lows. These form the pitchfork’s handle and tines. The center line (or median line) acts as a magnet, where price tends to gravitate. Traders look for price movements toward and away from this median line to predict future price action and make decisions on entries, exits, and stop-loss levels.

What is the Andrews Pitchfork Tool in Trading?

The Andrews Pitchfork is a technical analysis tool used to identify potential support and resistance levels. It’s created by selecting three points: a major peak or trough followed by two opposite highs or lows. This forms a fork-like structure with three lines—one median line in the center and two parallel lines above and below it. These lines help traders visualize possible future price movements within a trend channel.

How to Draw Andrews Pitchfork on a Chart?

To draw the Andrews Pitchfork, choose three key swing points: the first one is the pivot high or low (the starting point), and the next two define the trend direction. Most charting platforms like TradingView or Zerodha Kite offer the pitchfork tool—select it, click on the three points, and the pitchfork will appear. The central median line is drawn from the first point, and the upper/lower lines run parallel through the next two points.

How Do You Use the Median Line in Pitchfork Trading?

The median line acts like a magnet for price. When using the pitchfork, traders expect the price to return to the median line after bouncing off the upper or lower parallel lines. If price consistently moves toward the median line, it's considered a sign of a strong trend. You can buy near the lower parallel line in an uptrend and sell near the upper line in a downtrend—always aiming for the median line as your target.

What Signals Should I Look for Using the Pitchfork?

Look for price touching or reversing near the pitchfork’s lines. If price bounces off the lower line and heads toward the median, it’s a bullish signal. If price breaks below the lower tine and stays below, it may indicate a trend reversal. Also, price stalling near the median line could signal consolidation. Combining pitchfork signals with indicators like RSI or MACD can make your analysis more reliable.

Is Andrews Pitchfork Reliable for Intraday and Swing Trading?

Yes, Andrews Pitchfork is useful for both intraday and swing trading. For intraday, use smaller time frames like 5-minute or 15-minute charts. For swing trades, daily or 4-hour charts work better. The pitchfork helps define price channels and gives clear entry and exit levels. However, for best results, always confirm signals with volume or momentum indicators.

What Are the Limitations of the Andrews Pitchfork?

Andrews Pitchfork is most effective in trending markets. In sideways or choppy conditions, it can give false signals. Also, if the chosen pivot points are inaccurate, the entire pitchfork becomes misleading. It's also a lagging tool, based on past price action. That’s why it’s best to use it with trend confirmation tools, not as a standalone strategy.