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indicator for MT4
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Auto Andrews Pitchfork indicator
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Age 3+
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level: Beginner
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English
Author's Instructions
The Auto Andrews Pitchfork indicator is one of the MT4 Bands and Channels indicators, designed to identify the market's dynamic support and resistance points.
The (AAP) indicator works alongside theMACD indicator by identifying the chart's three most recent pivot points, drawing three parallel lines in red resembling a pitchfork.
The median line of this pitchfork can be identified as a potentialReversal point or, if broken, can signal the continuation of the recent trend.
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indicator for MT4
-
Auto Andrews Pitchfork indicator
-
Age 3+
-
level: Beginner
-
English
Author's Instructions
The Auto Andrews Pitchfork indicator is one of the MT4 Bands and Channels indicators, designed to identify the market's dynamic support and resistance points.
The (AAP) indicator works alongside theMACD indicator by identifying the chart's three most recent pivot points, drawing three parallel lines in red resembling a pitchfork.
The median line of this pitchfork can be identified as a potentialReversal point or, if broken, can signal the continuation of the recent trend.