how to apply pitchfork and auto pitchfork study

BINANCE:BTCUSDT   Bitcoin / TetherUS
Pitchfork, is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature

  * Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork
  * It is created by placing three points at the end of previous trends
  * Schiff and Modified Pitchfork is a technical analysis tool derived from Andrews' Pitchfork

In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline.

█ Usage Tips :
  * Andrews' Pitchfork (Original) best fit in a Strong Trending Market
  * Schiff and Modified Pitchfork better with Correcting or Sideways Market. Modified Pitchfork is almost identical to a Parallel Chanel

Step By Step Applying Pitchfork

Auto Pitchfork Study ʙʏ DGT ☼☾

Besides Auto Pitchfork Pivot , Support and Resistance plotting, study also includes Auto Fibonacci Retracement Levels and Zig Zag indicator

Link to the Auto Pitchfork ʙʏ DGT ☼☾ :
Comment: Auto Auto Pitchfork ʙʏ DGT ☼☾, study(indicator) update
- added extended pitchfork levels (1.5, 1.75, 2)
- added ability to display Fibonacci's previous retracment levels
- enchanced alerts


This was a fantastic guide and walkthrough! Thank you. It's been featured in Editors' Picks.
350 coins
+15 Reply
dgtrd TradingView
:))) Thank You @TradingView,
+1 Reply
@dgtrd, He did great work
dgtrd watchtrend
@watchtrend, thanks :)
+1 Reply
dgtrd watchtrend
@watchtrend, good luck to all of us :) i have some too :)
Great well explained approach to their use. Thank you for contributing to the community.
100 coins
+6 Reply
dgtrd AngusMcK
Thank You @AngusMcK :) a quick guide more like an introduction of what the auto pitchfork study does
500 coins
incredible! cannot believe this is free. thank you for sharing and your efforts.
100 coins
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