Andrews’ Pitchfork trend channel tool

Andrews’ Pitchfork trend channel tool Introduction Developed by Alan Andrews, Andrews’ Pitchfork is a trend channel tool consisting of three lines. There is a median trend line in the center with two parallel equidistant trend lines on either side. These lines are drawn by selecting three points, usually based on reaction highs or lows moving from left to right on the chart. As with normal trend lines and channels, the outside trend lines mark potential support and resistance areas. A trend remains in place as long as the Pitchfork channel…