Schiff pitchfork
Pitchforks3 points to clickA pitchfork with the pivot shifted so the fork is less steep.
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
The click order is the same as the ordinary pitchfork, but the pivot is moved to the midpoint height between the first two points, flattening the tines.
When to use it
It is the variant to reach for when a sharp move makes the plain pitchfork too steep to be useful.
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
- PitchforkThree lines fanning out from three pivots — known as the Andrews pitchfork.
- 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.