Dr. Alan Andrews developed a channel technique to show areas of support and resistance from a baseline. This use of a median line is the key to using the Andrews Pitchfork. Buying near lows and selling near highs that are identified by the "tines" of the pitchfork. The basic premise is to trade the channel from one level of support or resistance to the next.
I had drawn the Andrew Pitchfork trend line for Nifty. The above two charts shows how andrew pitchfork acts as support/Resistance zone both in the bull and bear market. And how we could find a High profitable trading
oppurtunifty in the market.
Here some quick reference available from Corey Rosenbloom's Blog
Intresting Convergence to watch at 10500 on Dow Jones
November 5th S&P 500 Update
October 19th Andrews Pitchfork Update
July 28th Andrews Pitchfork Update
This is one of the best chart i have seen and this is the first time i have seen Andrews Pitchfork method being used on Nifty chartgreat work !!!
how i get andrews pitchfork AFL indicator for amibroker