Select Language

Draw Andrews' Pitchfork

  1. HOME
  2. Get information
  3. MetaTrader4/5 user guide
  4. PC
  5. Draw Andrews' Pitchfork

Draw Andrews' Pitchfork

blockHeadVisual

On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can draw the Andrews' Pitchfork developed by Dr. Alan Andrews. It is made up of 3 parallel lines, which resemble a pitchfork as indicated by the name. The line on top represents the resistance line and the bottom represents the support line.

Here we'll take a look at how to draw and set up the Andrews' Pitchfork in MT4/MT5.

Switch between MT4/MT5 tabs to check the steps for each.

mt4
mt5

Step 1

Click "Insert" in the menu and select "Andrews Pitchfork".

Select Andrews Pitchfork from the menu Select Andrews Pitchfork from the menu

In MT4, 5 types of channels are available, including the Andrews' Pitchfork.

  1. Fibonacci

    Fibonacci channel

    Fibonacci channel uses the trendline and creates parallel channel lines using the Fibonacci ratio.

  2. Linear regression

    Linear regression channel

    Draws a center line (regression line) using the close price of each candle, and then draws equally spaced two parallel lines above and below it. The parallel lines pass through the close price farthest from the center line.

  3. Equidistant channel

    Equidistant channel

    Draws two parallel lines. Each line can be moved separately while keeping them parallel.

  1. Standard deviation

    Standard deviation channel

    Draws a center line (regression line) using the close price of each candle, and then draws two parallel lines at a distance of standard deviation from the center line.

  2. Andrews' Pitchfork

    Andrews Pitchfork

    Three parallel lines are drawn using three points: the starting point of the trend and the high and low just after the trend.

Step 2

Click the starting point of the Andrews' Pitchfork on the chart. Click again on the second and third points, which are the reaction high or low.

Draw Andrews' Pitchfork on the chart Draw Andrews' Pitchfork on the chart

Step 3

If you want to adjust the position of Andrews' Pitchfork, make sure the white dots are being displayed on the Andrews' Pitchfork and move each dot as necessary. If you cannot see the white dots, double-click near the Andrews' Pitchfork to display the white dots.

Adjust the Andrews' Pitchfork position Adjust the Andrews' Pitchfork position

Number

Descriptions

1

Change the starting point of the Andrews' Pitchfork.

2

Change the second point of the Andrews' Pitchfork.

3

Change the position of the Andrews' Pitchfork.

4

Change the third point of the Andrews' Pitchfork.
point Values displayed during drawing Andrews' Pitchfork
Values displayed during drawing Andrews' Pitchfork Values displayed during drawing Andrews' Pitchfork

Values displayed when dragging indicate the numbers of candlesticks and points from the starting point to the end point.

Step 4

To modify the Andrews' Pitchfork settings, right-click near the Andrews' Pitchfork and select "Andrews Pitchfork properties...".

Modify the Andrews' Pitchfork settings Modify the Andrews' Pitchfork settings

Step 5

On the "Properties" window, edit the parameters in the "Common", "Parameters", and "Visualization" tabs and click "OK".

"Common" tab

Common tab of the Andrews' Pitchfork Common tab of the Andrews' Pitchfork

Number

Item name

Descriptions

1

Name

Name the Andrews' Pitchfork.

2

Description

The description can be displayed on the chart when hovering the pointer over the Andrews' Pitchfork.

3

Style

Set the color, line type, and line thickness for the Andrews' Pitchfork.

4

Draw object as background

Check this box if you want to place the Andrews' Pitchfork behind the chart.

"Parameters" tab

Parameters tab of the Andrews' Pitchfork Parameters tab of the Andrews' Pitchfork

Number

Item name

Descriptions

1

Starting point position

Specify the starting point position by date and price.

2

Second point position

Specify the second point position by date and price.

3

Third point position

Specify the third point position by date and price.

4

Ray

(Not available)
knowledge "Levels" for Andrews' Pitchfork can be set on MT5
sample sample

On MT5, the Andrews' Pitchfork uses the Fibonacci ratio and draws lines at the 61.8%, 100%, 161.8%, and 261.8% marks.

sample sample

"Visualization" tab

On the "Visualization" tab, you can specify the timeframes to use the Andrews' Pitchfork with.

Visualization tab of the Andrews' Pitchfork Visualization tab of the Andrews' Pitchfork

Step 1

Click "Insert" in the menu. Hover the pointer over "Objects" > "Channels" and select "Andrews Pitchfork".

Click Insert in the menu. Hover the pointer over Objects > Channels and select Andrews Pitchfork Click Insert in the menu. Hover the pointer over Objects > Channels and select Andrews Pitchfork

On MT5, five types of channels can be drawn including the Fibonacci channel in the "Fibonacci" menu.

  1. Equidistant channel

    equidistant channel

    Draws two parallel lines. Each line can be moved separately while keeping them parallel.

  2. Standard deviation

    standard deviation channel

    Draws a center line (regression line) using the close price of each candle, and then draws two parallel lines at a distance of standard deviation from the center line.

  3. Linear regression

    regression channel

    Draws a center line (regression line) using the close price of each candle, and then draws equally spaced two parallel lines above and below it. The parallel lines pass through the close price farthest from the center line.

  1. Andrews' Pitchfork

    Andrews' Pitchfork

    Three parallel lines are drawn using three points: the starting point of the trend and the high and low just after the trend.

  2. Fibonacci

    Fibonacci

    Fibonacci channel uses the trendline and creates parallel channel lines using the Fibonacci ratio.

Step 2

Click the starting point of the Andrews' Pitchfork on the chart. Click again at the midpoint, then drag the pointer to the end point to draw the Andrews' Pitchfork.

Click the starting point on the chart and drag it to the end point to create the Andrews' Pitchfork Click the starting point on the chart and drag it to the end point to create the Andrews' Pitchfork

Step 3

If you want to adjust the position of Andrews' Pitchfork, make sure the white dots are being displayed on the Andrews' Pitchfork and move each dot as necessary. If you cannot see the white dots, double-click near the Andrews' Pitchfork to display the white dots.

Make sure the white dots are being displayed on the Andrews' Pitchfork and move each dot as necessary. If you cannot see the white dots, double-click near the Andrews' Pitchfork Make sure the white dots are being displayed on the Andrews' Pitchfork and move each dot as necessary. If you cannot see the white dots, double-click near the Andrews' Pitchfork

Number

Descriptions

1

Change the starting point of the Andrews' Pitchfork.

2

Change the midpoint of the Andrews' Pitchfork.

3

Change the position of the Andrews' Pitchfork.

4

Change the end point of the Andrews' Pitchfork.
point Values displayed during drawing Andrews' Pitchfork
Values displayed during drawing Andrews' Pitchfork Values displayed during drawing Andrews' Pitchfork

Values displayed when dragging indicate the numbers of candlesticks and points from the starting point to the end point.

Step 4

To modify the Andrews' Pitchfork settings, right-click near the Andrews' Pitchfork and select "Properties of (Andrews' Pitchfork name)".

Right-click near the Andrews' Pitchfork and select Properties Right-click near the Andrews' Pitchfork and select Properties

Step 5

On the "Properties" window, edit the parameters in the "Common", "Levels", "Parameters", and "Visualization" tabs and click "OK".

"Common" tab

Common tab Common tab

Number

Item name

Descriptions

1

Name

Name the Andrews' Pitchfork.

2

Description

The description of the Andrews' Pitchfork can be displayed on the chart.
Related article: Show or hide items on chart

3

Style

Set the color, line type, and line thickness for the Andrews' Pitchfork.

4

Draw object as background

Check this box if you want to place the Andrews' Pitchfork behind the chart.

5

Disable selection

Check this box if you want to disable the editing of the Andrews' Pitchfork.

"Levels" tab

The Andrews' Pitchfork uses the Fibonacci ratio and draws lines at the 61.8%, 100%, 161.8%, and 261.8% marks. If you wish to change these numbers, double-click the number and enter your own value. If you wish to add a line, click "Add" and adjust the value/settings.

Levels tab Levels tab

"Parameters" tab

Parameters tab Parameters tab

Number

Item name

Descriptions

1

Starting point position

Specify the starting point position by date and price.

2

Midpoint position

Specify the midpoint position by date and price.

3

End point position

Specify the end point position by date and price.

4

Ray

Check each box to extend the Andrews' Pitchfork to the left and right.

When "Ray right" is checked

When Ray right is checked When Ray right is checked

When "Ray left" is checked

When Ray left is checked When Ray left is checked

"Visualization" tab

On the "Visualization" tab, you can specify the timeframes to use the Andrews' Pitchfork with.

Visualization tab Visualization tab

Date

Created

 : 2022.09.09

Update

Last updated

 : 2024.03.28

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

arrow
Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

arrow
Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

Was this article helpful?
No loading Yes loading

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Line

Line
Facebook

Facebook
X

Twitter
Cancel