This indicator is designed for automatic construction of Andrews Forks. The Andrews Pitchfork tool is usually built on the basis of three key prices found on the chart. This method of finding the above prices was obtained on the basis of a long study and construction of a set of Andrews Forks, and what is offered in this indicator reflects the results of the work carried out. This indicator has settings, when changing which the principle of building Forks does not change. The only thing that changes is what will serve as a signal for building the next Andrews Pitchfork. At the same time, an important parameter is the distance from the resistance/support level, after reaching which the Fork lines are considered invalid, and the indicator will build new Andrews Forks.

The classic use of Andrews ‘ Fork lines (buying at the support level and selling at the resistance level) will always provide a good profit-risk ratio.

This indicator can also be used to determine the potential direction of the price in the future.

Indicator Settings

• UpTrendPitchforkName — the name of the upstream channel;
• UpTrendPitchforkName — name of the descending channel;
• minVdis23 — Minimum distance between Andrews Fork points 2 and 3;
• maxVdis23 — maximum distance between Andrews Fork points 2 and 3;
• minVdis12 — minimum distance between points 1 and 2 of the Andrews Fork;
• maxVdis 12 — maximum distance between points 1 and 2 of the Andrews Fork;
• breakDown — the distance from the resistance/support, after reaching which the lines are considered not valid, and the indicator will build a new Andrews Pitchfork.