Pitchfork
Pitchforks3 points to clickThree lines fanning out from three pivots — known as the Andrews pitchfork.
What it looks like
The numbered dots are where you click. Once drawn, you can grab those dots and move them.
How to draw it
Click the pivot first, then the following high and low. The median line runs towards the midpoint of those two, with the outer tines parallel to it.
When to use it
Where you put the pivot changes everything — placed off a clear turn, the tines land nowhere.
In SQMATE
What you draw stays
Lines you draw are saved to that symbol's notebook. Open the symbol again and they are still there.
Editable afterwards
Grab the points to move them, and change colour, width and line style. Undo works too.
Shares as drawn
Send the chart as a single link. Whoever opens it sees the same lines.
Related tools
- Schiff pitchforkA pitchfork with the pivot shifted so the fork is less steep.
- Modified Schiff pitchforkA Schiff pitchfork with the pivot also moved along the time axis.
- Inside pitchforkA pitchfork with the tines drawn inside rather than outside the pivots.
- Trend lineThe most basic line: connect two places to mark the direction of a run.
- RayTwo points set the direction and the line runs on to the right forever.
- Info lineA trend line that also prints the values and length of what it spans.
Drawing tools are a way to organise your thinking. A line you draw does not decide what price will do.