Auto Pitchfork Fib Retracement and Zig Zag TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

The indicator leverages the geometric and cyclical nature of markets, as conceptualized by Alan Andrews’ Pitchfork, to identify potential price channels, support/resistance levels, and retracement zones. It automates the drawing of these tools, reducing manual effort and enabling traders to focus on analysis. The integration of  Fibonacci Retracement/Extension  and  ZigZag  enhances its ability to pinpoint key price levels and trend changes, making it suitable for various trading styles, including day trading, swing trading, and trend following.

Definition:
Andrews’ Pitchfork is a technical indicator that creates a channel by plotting three points based on significant price pivots (typically a high, low, and subsequent high/low). The median line represents the expected price path, while the upper and lower lines act as dynamic support and resistance.