Charting with Median Lines
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Thread: Charting with Median Lines

  1. #1
    This thread is about charting with Lines.
    Median, in comparison to average or mean, is by definition of the middle of a sorted list of figures.
    Median Lines use 3 pivot points and have an 80% probability of being true. Also refered to as Andrew's Pitchfork, is what Dr. Alan H. Andrews developed for trading the market across the 1920ies. Search his name and you will come across a lot of information on the topic.
    Most trading platforms have this indior included. I optionally use the indior AML_v1 for the MT4 platform.
    Here's a link to this indior: https://www.forexsoutheast.asia/cryp...ns-indior.html
    Trend lines can be supplementary also when charting.
    Keeping it as straightforward as possible.

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    Weekly charts with median lines may ch price frequencies or support/resistance price areas for many years in case long term trend stays constant.

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