![]() ![]() The Auto Pitchfork indicator is a great tool for traders to use in order to find potential areas of support and resistance. The Andrews Pitchfork indicator can be used in conjunction with other technical indicators, such as moving averages, to further confirm trading signals. The indicator can be used to identify trend reversals, as well as possible Andrews Pitchfork Fibonacci support and resistance levels. The upper and lower lines are drawn using the highest high and lowest low of the price action, Profitable Scalping Strategy respectively. The Andrews Pitchfork indicator is constructed using three parallel lines, with the middle line acting as the base line. The tool is used as a momentum-based oscillator and is based on an idea by Roger Andrews. Andrews Pitchfork indicator is a technical analysis tool which can be used in the foreign exchange market to determine the sentiment of traders. ![]()
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