Auto Andrews Pitchfork Indicator for MT4

The Auto Andrews Pitchfork indicator for MT4 automatically draws Andrews’ Pitchforks by detecting important swing highs and swing lows with the help of the built-in MACD algorithm.

This eliminates the need to manually select three pivot points while providing accurate trend channels that adapt to changing market conditions.

Based on Dr. Alan Andrews’ Median Line Method, the tool plots a median line together with parallel support and resistance lines.

These dynamic channels help identify potential reversal zones, continuation opportunities, and realistic profit targets.

The indicator works across all timeframes, making it suitable for both short-term opportunities and longer-term trend analysis.

Why traders use the Auto Andrews Pitchfork Indicator

One of the biggest challenges when using Andrews’ Pitchfork manually is selecting the correct swing points.

This indicator performs that task automatically, allowing users to focus on price action rather than chart drawing.

The indicator continuously searches for significant market extremes and builds the two most relevant pitchforks.

Older, less useful pitchforks can be removed automatically to keep the chart clean and easy to read.

One pitchfork remains fixed after confirmation, while the newest one may adjust slightly as fresh price data forms a new swing point.

The median line often acts as a natural price magnet, while the parallel lines frequently serve as dynamic support and resistance zones where pullbacks and reversals may develop.

Indicator Chart Setup

Once applied to the chart, the indicator marks important swing points with red dots.

Using these swing points, it automatically draws one or two Andrews’ Pitchforks consisting of a central median line and two parallel channel lines.

Newer pitchforks are shown with solid lines, while confirmed pitchforks appear with dashed lines, allowing you to distinguish between developing and completed structures.

Core Features

• Automatically detects swing highs and lows using MACD.
• Draws the two most relevant Andrews’ Pitchforks.
• Displays median line and parallel support and resistance lines.
• Automatically removes outdated pitchforks.
• Works on every MT4 timeframe.
• Produces very limited redrawing.
• Useful for trend trading and pullback analysis.

Best for

• Following established market trends.
• Finding pullback entries.
• Trading dynamic support and resistance.
• Projecting realistic price targets.
• Identifying high-probability reversal zones.

Best Markets

• EUR/USD during the London session.
• GBP/USD when volatility increases after major economic news.
• AUD/USD during Asian market hours.
• Gold (XAU/USD) for trend continuation setups.
• US30 and NASDAQ indices during New York trading.
• Major Forex pairs with strong directional movement.

Trading Styles

• Scalping.
• Intraday trading.
• Swing trading.
• Trend following.
• Pullback trading.
• Channel trading.

How traders use it

A common approach is to trade pullbacks toward the outer parallel lines while trading in the direction of the median line.

When price reaches the lower channel during an uptrend and forms a bullish candlestick pattern, many traders look for buying opportunities with the median line serving as the first target.

Likewise, when price tests the upper parallel line during a downtrend and bearish price action appears, short positions become attractive with profit targets near the median line.

If momentum remains strong, positions may be partially closed at the median line while leaving the remainder to target the opposite channel.

Risk management remains essential. Stop-loss orders are commonly placed beyond the outer parallel line to allow sufficient room for normal market fluctuations.

Simple EUR/USD & GBP/USD Scalping Strategy

This straightforward strategy works particularly well on the M5 chart during the London and New York sessions.

• Wait for the Auto Andrews Pitchfork to identify a clear trend.
• Only buy when the median line is pointing upward.
• Only sell when the median line is pointing downward.
• Enter a buy after price touches the lower parallel line and forms a bullish engulfing or strong bullish rejection candle.
• Enter a sell after price reaches the upper parallel line and forms a bearish engulfing or rejection candle.
• Place the stop-loss 8-12 pips beyond the parallel line on EUR/USD, or 10-15 pips on GBP/USD depending on volatility.
• Take partial profit at the median line.
• Close the remaining position near the opposite parallel line or trail the stop behind new swing highs or lows.
• Avoid entering trades shortly before major economic news releases.

Indicator Settings

• Fast EMA Period – MACD fast moving average.
• Slow EMA Period – MACD slow moving average.
• Signal Period – MACD signal smoothing.
• Applied Price – Select the price used for calculations.
• Right Pitchfork Settings – Configure the solid-line pitchfork.
• Left Pitchfork Settings – Configure the dashed-line pitchfork.
• Remove Pitchfork – Automatically removes obsolete pitchforks.
• Line colors and display options.

Important Notes

• The newest pitchfork may adjust slightly while a new swing point develops.
• Confirmed pitchforks remain fixed and do not redraw.
• The median line frequently acts as a realistic profit objective.
• Combine the tool with candlestick patterns for higher-quality entries.
• Works well alongside RSI, moving averages, or volume confirmation.
• Use proper position sizing and maintain a minimum risk-to-reward ratio of 1:2.
• Test your strategy on a demo account before applying it to live markets.