The image below shows how the Andrew’s Pitchfork indicator appears on charts when applied to an asset's price: Then, draw two other lines that start from the second and third pivot points and run parallel with the median line. This forms the indicator’s central or ‘median’ line and resembles the handle on a pitchfork – hence the indicator’s name.
Mark these so-called pivot or turning points on the chart, then draw a straight line that starts from the first point and travels exactly through the middle of the following two pivot points, as the following chart shows: This forms the indicator’s central or ‘median’ line and resembles the handle on a pitchfork – hence the indicator’s name. The Andrew's Pitchfork is made up of three parallel lines that are plotted using three consecutive major highs or lows in the price.
