Pitchfork Basics I with GRI

2022년 9월 13일

Pitchfork Basics I with GRI

The action reaction principle of technical analysis was described by Doctor Alan Andrews over 50 years ago

It is based on Newtonian Physics

To construct any pitchfork mark swing highs and lows

Take a high-low-high

OR

low-high-low

And use Tradingview's excellent Pitchfork tool to create the fork. The swings do not have to be consecutive, but usually are.

An Andrews Pitchfork forms the median line by bisecting the second and third pivots from the first

80% of the time price returns from the third pivot to the median line

What price does around the median (consolidate/reverse/gap) is a momentum indicator, we may cover this in a subsequent video

Greg Fisher has validated this and other statistics in his research thesis which i will link

HAPPY FORKING!!!

GRI 2022

2022년 9월 13일

노트

dl.abcbourse.ir/dl/Library/book/using median lines an emipirical study.pdf

2022년 9월 13일

노트

Nothing I can do about beeping in vid sorry :-/