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Auto Andrews Pitchfork indicator for MT4 [Free] TFlab

Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=75646
Forum: 38 · Topic 75646 · 1 post(s)

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Auto Andrews Pitchfork indicator for MT4 [Free] TFlab

tradingfinder · Tue Feb 25, 2025 2:53 am

The Auto Andrews Pitchfork (AAP) Indicator is a powerful Bands & Channels tool that helps traders identify dynamic support and resistance levels. By analyzing the three most recent pivot points, the indicator automatically draws a pitchfork-shaped channel, making it easier to spot trend reversals and breakouts.

The median line of the pitchfork acts as a key reversal zone, while a breakout above or below it signals trend continuation.

Auto Andrews Pitchfork (AAP) Indicator (MT4): https://tradingfinder.com/products/indi … -download/

You can download from this link: https://cdn.tradingfinder.com/file/2478 … b-v1-2.zip

YouTube Video Tutorial: https://youtu.be/gDx7RwLGAcw

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How to Use the Auto Andrews Pitchfork Indicator

Uptrend Setup (Buy Signal)

Example: AUD/NZD (4-Hour Chart)

• The indicator detects three pivot points (Low–High–Low) to form the pitchfork.
• A breakout above the median band signals a buy opportunity.

Downtrend Setup (Sell Signal)

Example: EUR/AUD (30-Minute Chart)

• The pitchfork is drawn based on three pivots (High–Low–High).
• When price touches the upper band, a sell signal is generated, with the upper band acting as resistance.

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Auto Andrews Pitchfork Indicator Settings

MACD Settings (For Additional Confirmation)

• Fast Moving Average: 26
• Slow Moving Average: 12
• Signal Line Period: 9
• Applied Price: Close

Pitchfork Settings

• Pitchfork #1: Red, Solid, Width: 2
• Pitchfork #2: Blue, Dashed, Width: 1

Additional Setting: Calculates the last 1,000 candles.

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Why Use the Auto Andrews Pitchfork Indicator?

Identifies Key Price Reversals Works Across All Markets & Timeframes Automatic Drawing – No Manual Analysis Needed Helps Set Take Profit (TP) & Stop Loss (SL) Levels

Pro Tip: Combine the AAP Indicator with MACD for stronger trade confirmation!

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