Using Elliott Wave Labels to Draw and Manage Andrews Pitchforks

Summary

This document describes version 3.0 of a charting tool for Elliott Wave analysis. Its main addition is drawing Andrews Pitchforks from three selected wave labels. Users select the labels, trigger the drawing action, and can remove the resulting pitchfork by selecting its labels and using the removal action. The tool also supports displaying or hiding additional pitchfork lines, including warning and Schiff lines.

Other listed controls show or hide horizontal, vertical, and price labels, apply those visibility changes across all labels, mark a vertical line at the zero bar, and copy a chart with its labels. The document explains interface operations rather than a trading method or empirical test. It provides no evidence that Elliott Wave labeling or pitchforks predict prices, and it does not discuss parameter selection, interpretation, or risk management. The features may support visual technical analysis, but conclusions drawn from the drawings require independent validation.

Key ideas

• The tool creates Andrews Pitchforks from three selected Elliott Wave labels.
• Pitchfork warning and Schiff lines can be shown or hidden after a drawing is made.
• Users can manage label guides and price labels individually or across the chart.
• The tool includes a zero-bar marker and a way to copy a labeled chart.
• The document describes charting functions but provides no evidence of predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.