Andrews Pitchfork Tool

You can apply this theory to your charts by selecting the Andrews Pitchfork tool from your Advanced Charting toolbar. Click where you want the handle of the pitchfork to be (at the end of the previous trend). Your next two clicks will form the base of the fork, or the tops of the next two trends. You can elongate the pitchfork to the length desired. Click to place.

Resizing the Andrews Pitchfork

Select the drawing by clicking on it. You will know the drawing is selected when boxes appear at the corners. Click on a box and drag it to your desired location. Release the mouse button to place.

Moving the Andrews Pitchfork

Select the drawing by clicking on it. Drag to the new location and release the mouse button to place.

Deleting the Andrews Pitchfork

Select the drawing by clicking on it. Press the Del (Delete) key on your keyboard. You can also right-click the drawing and select "Delete" from the drop-down menu.

Drawing a Schiff

To draw a Schiff Pitchfork (a pitchfork with the same base but with the median rooted at one of the square markers on your two dotted angle lines), you will use the Schiff operation. The Schiff is commonly used to eliminate false breakouts when making an informed trade decision.

Select the drawing by clicking on it. Notice that two small square markers will appear at the base of the pitchfork along dotted lines. Right-click on one of the square markers and select "Add Schiff Median" from the drop-down menu. The Schiff will appear, and you can resize and adjust the preferences as you would like.

Preferences

Select the drawing by clicking on it. The properties will appear in the preferences section of your control panel. Or, right-click on the drawing and select properties from the drop-down menu.

Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.

Pitchfork Tool: You can choose the color, line style, and line thickness of your lines.

Extensions: Select the boxes next to the extensions you want to add to your pitchfork drawing. The odd numbers are placed below the main line, and the even numbers are placed above.

Sliding Extensions: Select to have one or two sliding extensions. Click on the extension on your chart and drag it to where you want it. It will stay parallel to all other extensions. You can also choose the color, line style, and line thickness of your sliding extensions.

Distance Markers: Select to show Fibonacci retracements, or define your own distance markers.

Schiff Color: Select what color you would like your Schiff drawing to be.

Font: Select the font, size, and color of the text. Select Show Text to hide or show your text on the chart.

Select Snap to have your lines snap to price bars when moved.

Example of Andrews Pitchfork