Forex education

Dr A. Andrews suggested the method of plotting the probable trend and channel lines using the median of triangle, made by the recent three lows and highs. Thus, to estimate the upmoving trend, the chain of low A, high B, and low C is taken, then a beam from the remote low A is traced through the middle of the opposite triangle side BC. Through points B and C two parallel beams in the same direction are constructed. Such lines often correspond to the support and resistance levels.

Image. 1. Andrews Lines on the diagram of Norilskij Nickel Co. share’s prices.
This method is called differently: Andrews Pitch Fork, Median Line method or M.L.R. Lines, or simply Andrews Lines.

Featured articles

Problems with depositing/withdrawing funds

What to do in case of problems with depositing/withdrawing funds

Unable to open position

Steps to be taken by clients of top broker InstaForex when it is impossible to open a position (an order)

Fund your account using any of the available methods