Andrews pitchfork indicator aik technical tool hay jo trend ki continuation and reversal maloom karnay kay liay use kia jata hay, channel ko draw karnay main three parallel trend lines use hoti hain jo support aur resistance areas ko show karti hain aur in par breakouts and breakdown kay possible turning levels ka batata hay, yeh parallel lines three consective major peaks aur troughs say banti hain, Andrews' Pitchfork aik channel based anaylisis technique hay jis ko Alan Andrews na develop kia tha, is main three points last trend kay end per lagay jatay hain, is kay baad first point per aik line lagai jati hay jo second and third point kay mid tak jati hay,
Representation of andrews pitchfork and its appearence:
Chart par three points plot kar kay automatically trend lines generate hoti hain aur sari line aik important pivot point ko mark kar rahi hoti hain, is kay liay uptrend main traders ko trough peak trough aur downtrend main peak trough peak ki technique use karni chaiay, Points laganay kay baad median lagai jati hay jo first point say upper and lower point kay center tak jati hay, is kay baad upper aur lower trend lines median line kay parallel draw ki jati hain, Upper and lower lines trigger lines kehlati hain jahan say breakout ya breakdown mazeed trend continuation ka signal daiti hain, in main say pehlay walay two points trend line ko define kartay hain aur last two channel ko show kartay hain, last two points kay connect honay kay baad channel complete hota hay, jis main median line add ki jati hay is tarah yeh aik fork ki shape ban jati hay,
Conditions based on using andrews pitchfork:
Andrews pitchfork ko use karnay kay main jo conditions hoti hain woh channels kay same hoti hain, jin main first yeh kay uptrend main upper channel line resistance level act karti hay aur downtrend main lower line potential support level ko zahir karti hay, handle yani median line trend ki strength ko show karta hay, Median line ki base par trade ko open kia jata hay aur trader ko agr iski achi understanding ho jay to woh kamiabi say acha entry point hasil kar sakta hay, median line ko draw karnay kay liay aik subjective method use kia jata hay, strong uptrend main prices median line kay above hoti hain jab kay strong downtrend main prices median line kay below act karti hain,
Trading signals generated by andrews pitchfork:
Andrews pitchfork support aur resistance kay continuous points ko show karta hay, ye trending market main traders ko trade channels ki base par karnay main help daita hay, Jab price support level per second line say fall kary ya third line kay pass ho to yahan say buy kia ja sakta hay, jab price median line par ponchnay say pehlay reverse ho jati hay to yeh consider kia jata hay kay market opposite side par move karnay wali hay, Median line say market ki price reverse bhi ho sakti hay, isi tarah agar resistance ki second ya upper line per price pohnchay to yahan say sell ka signal lia jata hay matlab is main ham centre line ko support and resistance areas kay alag alag honay kay liay use kartay hain laikin yeh support aur resistance lines ki tarah strong nahi hoti, is indicator say real trading main ham marking points kay through hamain entry point kay sath stop loss ka bhi pata chal sakta hay
Representation of andrews pitchfork and its appearence:
Chart par three points plot kar kay automatically trend lines generate hoti hain aur sari line aik important pivot point ko mark kar rahi hoti hain, is kay liay uptrend main traders ko trough peak trough aur downtrend main peak trough peak ki technique use karni chaiay, Points laganay kay baad median lagai jati hay jo first point say upper and lower point kay center tak jati hay, is kay baad upper aur lower trend lines median line kay parallel draw ki jati hain, Upper and lower lines trigger lines kehlati hain jahan say breakout ya breakdown mazeed trend continuation ka signal daiti hain, in main say pehlay walay two points trend line ko define kartay hain aur last two channel ko show kartay hain, last two points kay connect honay kay baad channel complete hota hay, jis main median line add ki jati hay is tarah yeh aik fork ki shape ban jati hay,
Conditions based on using andrews pitchfork:
Andrews pitchfork ko use karnay kay main jo conditions hoti hain woh channels kay same hoti hain, jin main first yeh kay uptrend main upper channel line resistance level act karti hay aur downtrend main lower line potential support level ko zahir karti hay, handle yani median line trend ki strength ko show karta hay, Median line ki base par trade ko open kia jata hay aur trader ko agr iski achi understanding ho jay to woh kamiabi say acha entry point hasil kar sakta hay, median line ko draw karnay kay liay aik subjective method use kia jata hay, strong uptrend main prices median line kay above hoti hain jab kay strong downtrend main prices median line kay below act karti hain,
Trading signals generated by andrews pitchfork:
Andrews pitchfork support aur resistance kay continuous points ko show karta hay, ye trending market main traders ko trade channels ki base par karnay main help daita hay, Jab price support level per second line say fall kary ya third line kay pass ho to yahan say buy kia ja sakta hay, jab price median line par ponchnay say pehlay reverse ho jati hay to yeh consider kia jata hay kay market opposite side par move karnay wali hay, Median line say market ki price reverse bhi ho sakti hay, isi tarah agar resistance ki second ya upper line per price pohnchay to yahan say sell ka signal lia jata hay matlab is main ham centre line ko support and resistance areas kay alag alag honay kay liay use kartay hain laikin yeh support aur resistance lines ki tarah strong nahi hoti, is indicator say real trading main ham marking points kay through hamain entry point kay sath stop loss ka bhi pata chal sakta hay