Definition:
Andrews pitchfork indicator aik technical tool hay jo trend ki continuation and reversal maloom karny kay liye use kia jata hay. Yeh teen parallel trend lines per mabni hota hay jo support and resistance per breakouts and breakdown kay possible turning levels ka batati hay. Is main three points last trend kay end per lagaye jaty hain. Iskay bad first point per aik line lagai jati hay jo second and third point kay mid tak jati hay.
Explanation:
Yeh aik support aur resistance indicator ha jis ko thermodynamics k aik professor Alan Andrews ny develop kia tha, Andrews pitchfork ko use karnay kay main rules channels k same hoty hain. Jin mn pehly ye hay k uptrend main upper channel line resistance level act krti ha or downtrend mn lower line potential support level ko zahir karti hay, handle, median line trend ki strength ko show karta hay, strong uptrend main prices median line kay above hoti hain jab kay strong downtrend main prices median line kay below act karti hain, is indicator ma three parallel line jo three pivots par base karti hain ko use kia jata ha aur possible support and resistance levels ko identify kia krty hain. Ye aik boht useful indicator ha, iska acha knowledge trading ma kafi supportive ho sakta ha.
Understanding:
Is indicator ko Alan Andrews nay develop kia tha. Is mn three points per lines lgai jati hain jo keh confirmed trend per lows and highs per lagai jati hain. Aur yeh three consecutive peaks and lows per lagaye jaty hain. Points lagany kay bad median lagai jati hay jo first point say upper and lower point kay center tak jati hay. Iskay bad upper and 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.
Andrews pitchfork indicator aik technical tool hay jo trend ki continuation and reversal maloom karny kay liye use kia jata hay. Yeh teen parallel trend lines per mabni hota hay jo support and resistance per breakouts and breakdown kay possible turning levels ka batati hay. Is main three points last trend kay end per lagaye jaty hain. Iskay bad first point per aik line lagai jati hay jo second and third point kay mid tak jati hay.
Explanation:
Yeh aik support aur resistance indicator ha jis ko thermodynamics k aik professor Alan Andrews ny develop kia tha, Andrews pitchfork ko use karnay kay main rules channels k same hoty hain. Jin mn pehly ye hay k uptrend main upper channel line resistance level act krti ha or downtrend mn lower line potential support level ko zahir karti hay, handle, median line trend ki strength ko show karta hay, strong uptrend main prices median line kay above hoti hain jab kay strong downtrend main prices median line kay below act karti hain, is indicator ma three parallel line jo three pivots par base karti hain ko use kia jata ha aur possible support and resistance levels ko identify kia krty hain. Ye aik boht useful indicator ha, iska acha knowledge trading ma kafi supportive ho sakta ha.
Understanding:
Is indicator ko Alan Andrews nay develop kia tha. Is mn three points per lines lgai jati hain jo keh confirmed trend per lows and highs per lagai jati hain. Aur yeh three consecutive peaks and lows per lagaye jaty hain. Points lagany kay bad median lagai jati hay jo first point say upper and lower point kay center tak jati hay. Iskay bad upper and 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.