Andrews Median Lines or more popularly
known as Andrew's Pitchfork, is a technical indicator which aims to
determine the possible support and resistance levels.
The indicator is named that way because
a pitchfork like figure will be displayed after it is applied in the
platform properly and successfully, skewering the chart with three
parallel lines. The three parallel lines which made up this pitchfork
are the median, resistance, and support lines.
It is plotted by placing the points on
the three most recent peaks or troughs. The first point will extend
as the median line while the other two points will interchangeably
the support and resistance line depending on the market movement.
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