About the JJN Auto Pitchfork Indicator
The JJN Auto Pitchfork Indicator for MT4 is an advanced tool based on the Andrews Pitchfork method.
It automatically identifies key support and resistance levels on any currency pair and timeframe, helping traders plan entries and exits more accurately.
The indicator plots green lines as resistance and red lines as support directly on the main MT4 chart.
By combining these levels with the underlying trend, traders can anticipate potential reversals or continuation moves and optimize trade timing.
Free Download
Download the “JJN-AutoPitchforx.mq4” indicator for MT4
Key Features
- Automatically plots all significant support and resistance levels
- Green dotted lines act as resistance, red dotted lines as support
- Helps anticipate potential price reversals or continuations
- Based on the Andrews Pitchfork method with automated calculations
Indicator Chart
The chart shows the JJN Auto Pitchfork Indicator applied to an MT4 price chart.
Red lines represent support levels, and green lines represent resistance levels.
Traders can use these levels to identify potential buy or sell areas based on the trend direction.
Guide to Trade with the JJN Auto Pitchfork Indicator
Buy Rules
- Open a buy trade when the price reaches a red support line
- Confirm the trade if the overall trend is upwards
- Prefer trades that align with higher timeframe trend direction
- Optionally combine with candlestick patterns for higher accuracy
Sell Rules
- Open a sell trade when the price reaches a green resistance line
- Confirm the trade if the overall trend is downwards
- Focus on trades that align with the higher timeframe trend
- Use additional confirmation signals to reduce false entries
Stop Loss
- Place a stop loss slightly below the support line for buy trades
- Place a stop loss slightly above the resistance line for sell trades
- Consider adding a small buffer beyond the line to account for market spikes
Take Profit
- Set targets near the next resistance line for buy trades
- Set targets near the next support line for sell trades
- Partial exits can be taken at intermediate levels to secure profits
Practical Tips
- Combine the indicator with trend direction or other confirmation tools for better accuracy
- Use higher timeframes to validate support and resistance levels
- Focus on trades that align with strong trend momentum
- Watch for breakout signals if the price closes beyond the resistance or support lines
JJN Auto Pitchfork + XTC Trend MT4 Intraday Strategy
The JJN Auto Pitchfork Indicator for MT4 and the XTC Trend Forex Indicator for MT4 can be combined to create a precise intraday strategy.
The Auto Pitchfork automatically plots median and outer channel lines based on recent pivot points, giving natural support and resistance zones.
The XTC Trend indicator shows trend direction with a histogram: blue for bullish trends and red for bearish trends.
By trading only when the trend aligns with pitchfork levels, you capture high-probability intraday moves.
This strategy works best on M15 and M30 charts.
It is ideal for day traders who want a structured approach with clear entries, stops, and targets.
Use it on major currency pairs such as EURUSD, GBPUSD, and USDJPY, where intraday trends are more reliable.
Buy Entry Rules
- Confirm that the XTC Trend histogram shows blue, indicating a bullish trend.
- Check that the Auto Pitchfork slope is upward. Price should be near the lower or median pitchfork line.
- Wait for the price to bounce off the lower boundary or cross above the median line.
- Enter a buy trade at the close of the confirming candle.
- Stop loss: place below the lower pitchfork boundary or recent swing low (typically 15–25 pips).
- Take profit: aim for the upper pitchfork boundary or 1.5–2.5× your risk. Exit early if the histogram turns red.
Sell Entry Rules
- Confirm that the XTC Trend histogram shows red, indicating a bearish trend.
- Ensure the Auto Pitchfork slope is downward. Price should be near the upper or median pitchfork line.
- Wait for a price rejection from the upper line or a close below the median line.
- Enter a sell trade at the close of the confirming candle.
- Stop loss: place above the upper pitchfork boundary or recent swing high (15–25 pips).
- Take profit: target the lower pitchfork boundary or 1.5–2.5× your risk. Exit early if the histogram flips blue.
Advantages
- Trades within the natural price structure using pitchfork levels.
- Trend confirmation reduces countertrend entries and false signals.
- Clear visual cues make entries and exits straightforward.
- Works well on major pairs and intraday timeframes.
- Helps define logical stop and target zones using the channel.
Drawbacks
- Pitchfork may misalign if pivot points shift rapidly.
- The XTC Trend histogram can lag in fast reversals.
- Sideways markets may cause bounces without reaching boundaries.
- Requires patience to wait for trend and channel alignment.
Example Case Study 1 — EURUSD, M15
During the London session, the XTC Trend histogram turned blue, showing bullish momentum.
The Auto Pitchfork slope was upward, and the price bounced from the lower pitchfork line.
Entering long at the candle close, with a stop below the lower boundary and a target at the upper boundary.
The trade produced +35 pips within a few hours as the trend carried the price to the upper channel.
Example Case Study 2 — GBPUSD, M30
In the New York session, the histogram turned red, confirming bearish pressure.
The pitchfork slope was downward, and the price neared the upper line.
After a rejection candle closed below the median line, and a short trade was entered.
The stop was above the upper pitchfork line, target near the lower line.
Price moved smoothly, hitting the target and netting +40 pips.
Strategy Tips
- Trade only when the pitchfork slope and histogram trend align.
- Adjust stop loss buffers to account for volatility.
- Consider exiting early if the histogram flips before reaching the pitchfork boundary.
- Backtest different pivot settings to optimize the Auto Pitchfork for each pair.
- Focus on the London and New York sessions for higher momentum and better trade probability.
Download Now
Download the “JJN-AutoPitchforx.mq4” indicator for Metatrader 4
FAQ
How do I use the pitchfork lines for entries?
Buy near the red support line when the trend is upward and sell near the green resistance line when the trend is downward.
Combine with trend direction for confirmation.
Do the lines adjust automatically over time?
Yes. The indicator automatically recalculates support and resistance levels as price moves, but previous lines remain valid for reference until a new pivot is formed.
Can I trade without any other indicators?
Yes, the pitchfork lines can guide trades on their own, but combining them with trend or breakout confirmation increases accuracy.
Summary
The JJN Auto Pitchfork Indicator for MT4 automatically identifies support and resistance levels using Andrews Pitchfork principles.
Red and green lines provide clear areas for potential buy and sell trades based on the trend.
Traders can combine it with trend indicators or candlestick analysis for improved accuracy and confidence in trade entries.
Overall, the indicator simplifies market analysis, making it easier to plan trades, anticipate reversals, and manage positions efficiently.
It’s a reliable tool for both beginners and experienced traders looking for structured trade guidance.
