About the Auto Andrews Pitchfork Indicator
The Auto Andrews Pitchfork Forex Indicator for MT4 is an automated technical tool designed to identify key support and resistance levels directly on the price chart.
It is based on a combination of MACD logic and the classic Andrews Pitchfork concept, allowing the indicator to react to both momentum and price structure.
Instead of manually drawing pitchforks, this indicator performs the analysis automatically and updates levels as market conditions change.
The drawn lines can be used to spot potential trade entries, exits, stop loss zones, and profit targets.
Thanks to its lightweight design, the Auto Andrews Pitchfork runs smoothly on MT4 and is suitable for traders who prefer clean charts and efficient decision-making.
Free Download
Download the “auto-andrews-pitchfork-indicator.ex4” MT4 indicator
Key Features
- Automatically draws Andrews Pitchfork levels on the chart.
- Highlights dynamic support and resistance zones.
- Combines MACD logic with pitchfork analysis.
- Useful for trade entries, exits, and risk management.
- Lightweight and suitable for all MT4 setups.
Indicator Chart
The Auto Andrews Pitchfork indicator is displayed in the main chart window, drawing structured pitchfork lines around price action.
The chart shows how price reacts to the median line and outer boundaries, helping traders identify trend direction and potential reversal or continuation areas.
Guide to Trade with Auto Andrews Pitchfork Indicator
Buy Rules
- Wait for the price to cross the red middle pitchfork line from below.
- Confirm that the price holds above the median line after the crossover.
- Enter a buy trade at the close of the confirmation candle.
Sell Rules
- Wait for the price to cross the red middle pitchfork line from above.
- Confirm rejection below the median line.
- Enter a sell trade after the candle closes.
Stop Loss
- Place the stop loss below the lower pitchfork boundary for buy trades.
- Place the stop loss above the upper pitchfork boundary for sell trades.
Take Profit
- Target the opposite pitchfork boundary as a profit objective.
- Use intermediate pitchfork levels to scale out profits.
- Exit trades when the price breaks the pitchfork structure.
Auto Andrews Pitchfork + Trend Predictor MT4 Scalping Strategy
This strategy combines the Auto Andrews Pitchfork Forex Indicator MT4 and the Trend Predictor v1.0 Forex Indicator MT4.
It is geared toward scalpers who trade on short time frames, such as the 1-minute (M1) and 5-minute (M5) charts.
The pitchfork tool gives a clear visual of trend direction.
When the price crosses the red middle line of the pitchfork from bottom up, you have a bullish trend; the opposite (crossing top down) signals a bearish trend.
The Trend Predictor adds confirmation via arrows: a blue arrow means a buy signal, a red arrow means a sell signal.
Combining these two gives you a well-defined method: trend direction via pitchfork + signal confirmation via arrow indicator = higher probability entries.
Buy Entry Rules
- On your chosen pair/chart (M1 or M5), wait until the price crosses the red median line of the Auto Andrews Pitchfork from below to above.
- This indicates the trend is turning bullish.
- Then wait for the Trend Predictor arrow to appear and point blue. This confirms the entry signal.
- Once both conditions are met, enter a buy trade.
- Place your stop-loss a few pips below the recent swing low (just under where the price crossed the median line).
- Set your take profit target according to the timeframe and volatility: for M1, aim for 5-10 pips; for M,5 aim for 10-20 pips.
- You may also exit when a red arrow appears, signalling reversal.
Sell Entry Rules
- Wait for the price to cross the red median line of the pitchfork from above to below – this signals a bearish trend.
- Then wait for a red arrow from the Trend Predictor. This confirms the sell signal.
- Enter a sell trade when both conditions align.
- Place your stop-loss a few pips above the recent swing high (just above the median line crossing point).
- Set your take profit: for M1, aim for 5-10 pips; for M,5 aim for 10-20 pips.
- Or exit early when a blue arrow appears, indicating a trend flip.
Advantages
- The trend direction is clearly defined by the pitchfork crossing, reducing ambiguity about whether to trade long or short.
- The arrow indicator gives a clean trigger signal, so you don’t have to guess entry timing.
- Works well on short timeframes (M1, M5) for scalpers looking for quick trades.
- Combining the trend tool + trigger reduces false signals compared to using a single indicator.
- Can be applied across multiple currency pairs, allowing flexibility when one pair is quiet.
Drawbacks
- Using short time frames increases noise and false signals, requiring good discipline and execution.
- The pitchfork tool needs a correct drawing, or the automatic version must align correctly—misdrawn pitchforks can mislead.
Example Case Study 1 – AUD/USD on M1 Chart
On the AUD/USD 1-minute chart during the London session, the price crossed the red median line of the Auto Andrews Pitchfork upward, indicating a bullish turn.
Shortly after, a blue arrow appeared from the Trend Predictor.
A buy trade was executed with a stop-loss 6 pips below the swing low and a take-profit target of 8 pips.
The trade closed profitably within 4 minutes.
Example Case Study 2 – EUR/JPY on M5 Chart
On the EUR/JPY 5-minute chart, the price crossed below the median line of the pitchfork, signalling a trend change to the downside.
Then a red arrow appeared from Trend Predictor, confirming the signal.
A sell trade was executed with a stop-loss 12 pips above the recent swing high, and a take-profit target of 15 pips.
The move unfolded over 20 minutes and achieved the full target.
Strategy Tips
- Trade during higher-liquidity sessions (London & New York) for better trend clarity and less erratic price movement.
- Ensure the pitchfork tool is drawn correctly; if using the automatic version, make sure the tool settings match your chart pattern.
- Wait for both signals (pitchfork crossing + arrow) before entering — this reduces false entries.
- On the M1 timeframe, keep targets small and stop losses tight because moves are fast and short-lived.
- On the M5 timeframe, you can aim for slightly bigger targets and allow a bit more room for price action to develop.
Download Now
Download the “auto-andrews-pitchfork-indicator.ex4” MT4 indicator
FAQ
What makes this pitchfork indicator automatic?
The indicator calculates swing points internally and draws pitchfork levels without manual input.
Is the Auto Andrews Pitchfork suitable for beginners?
Yes, it removes the complexity of manual drawing and presents levels straightforwardly.
Can this indicator be used for stop loss placement?
Yes, the outer pitchfork lines work well as dynamic stop loss reference points.
Summary
The Auto Andrews Pitchfork Forex Indicator for MT4 simplifies the process of identifying meaningful support and resistance levels using an automated pitchfork approach.
By combining momentum analysis with structured price channels, it offers traders a practical framework for planning trades.
Its ease of use, flexibility, and smooth performance make it a valuable addition to any trading setup, especially for traders who rely on technical levels for decision-making and risk control.
