Pitchfork and Gann Tools
Pitchfork and Gann tools are advanced drawing tools that help identify potential support, resistance, and trend channels based on mathematical relationships. While less common than basic trend lines, they offer powerful insights when used correctly.
Andrews' Pitchfork
The Andrews' Pitchfork creates a channel using three anchor points: a significant high or low (the handle), and the next swing high and swing low (the prongs). The tool draws a median line and two parallel lines, creating a projected channel where price tends to gravitate toward the median line.
How to draw a Pitchfork:
- 1Select the Pitchfork tool from the left sidebar
- 2Click on the first pivot point (a significant reversal)
- 3Click on the second pivot point (the next opposite swing)
- 4Click on the third pivot point (the next reversal after the second)
- 5The tool automatically draws the median line and channel boundaries
Gann Fan
The Gann Fan draws a series of angled lines from a significant price point. Each line represents a different time/price relationship (1x1, 1x2, 2x1, etc.). The 1x1 line (45-degree angle) is considered the most important — price above this line suggests bullish conditions, below suggests bearish.
Gann Box
The Gann Box divides a price-time range into equal segments, creating a grid of potential support and resistance levels. It combines both price retracements and time cycles into a single visual tool.
Pro Tip
Pitchfork and Gann tools work best on higher timeframes (4H, Daily, Weekly). On lower timeframes, the projections become less reliable due to market noise.
Key Takeaways
- Andrews' Pitchfork uses 3 pivot points to create a projected channel
- Price tends to gravitate toward the Pitchfork's median line
- Gann Fan draws angled lines representing time/price relationships
- The 1x1 Gann line (45°) separates bullish from bearish conditions
- These tools work best on higher timeframes