Drag Pitchfork
- Indicators
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Part-time Day Trader
I build practical MT4 and MT5 tools that help traders follow consistent execution routines with more structure, discipline, and confidence.
Because consistency is the real edge behind any trading strategy — and without it, no strategy works. - Version: 1.0
- Activations: 8
Create precise wick-to-wick pitchforks with just two line drags. Drag Pitchfork makes accurate placement quick and easy.
Built for Traders Who Want To:
- Draw clean wick-to-wick pitchfork structures.
- Place pitchforks faster than with the standard MetaTrader tool.
- Compare Andrews, Schiff, Modified Schiff variations instantly.
Try and test Drag Pitchfork directly in the Strategy Tester by downloading the demo version.
Why This Tool Matters
Pitchfork analysis depends heavily on anchor accuracy. A small manual placement error can change the pitchfork angle, median line, and reaction zones.
Drag Pitchfork removes the slow manual placement process and helps create pitchforks based on a correct swing sequence. This makes the tool useful for traders who use pitchforks regularly and want a faster, cleaner workflow.
Key Benefits
Faster placement: A pitchfork is drawn instantly and correctly after dragging to vertical lines.
Quick variation switching: Compare Standard, Schiff, Modified Schiff modes from the corner panel.
Per-symbol memory: Each pitchfork is saved to the symbol, to avoid having to draw again when changing symbols.
How to Use Drag Pitchfork
1. Add the indicator to the chart and click "Place PF".
2. Drag the first vertical line just to the left of the swing that defines the first anchor, P0.
3. Drag the second vertical line close to the intended third anchor, P2.
4. The tool automatically calculates P1 according to the selected pitchfork rules and draws the complete pitchfork structure.
5. Use the toggle button to compare the pitchfork variations.
Timeframe Logic:
Pitchfork variations can only be changed on the timeframe where the pitchfork was originally created.
On other timeframes, the drag lines and anchor labels are hidden to prevent accidental movement and keep the chart clean.
To recreate the pitchfork on a different timeframe, first clear the current pitchfork, then place it again on the new timeframe.
Correct Pitchfork Structure Rules
Drag Pitchfork follows the original Andrews anchor logic.
A downtrend structure uses:
1. High
2. Low
3. Lower high
An uptrend structure uses:
1. Low
2. High
3. Higher low
This helps keep the pitchfork construction clean and consistent with classic pitchfork rules.
Pitchfork Variations
Standard Pitchfork
The classic Andrews Pitchfork based on the selected swing sequence.
Schiff Pitchfork
Moves P0 halfway toward P1 in price, creating a flatter structure.
Modified Schiff Pitchfork
Moves P0 halfway toward P1 in both price and time, creating a middle ground between Standard and Schiff.
Notes and Limitations
Drag Pitch supports one pitchfork per symbol on each chart.
