Difference between revisions of "Schiff Pitchfork"

From MultiCharts
Jump to navigation Jump to search
 
Line 89: Line 89:
 
== Cloning Schiff Pitchfork ==  
 
== Cloning Schiff Pitchfork ==  
  
To clone an Schiff Pitchfork:  
+
To clone a Schiff Pitchfork:  
  
 
# Drag the cursor to the Schiff pitchfork that is to be cloned.  
 
# Drag the cursor to the Schiff pitchfork that is to be cloned.  

Latest revision as of 12:46, 31 July 2018

Schiff Pitchfork is a technical analysis tool derived from Andrews' Pitchfork. As Andrews' Pitchfork it is composed of 3 trendlines (centerline/handle and 2 tines above and below it). The difference from the standard pitchfork is in the origin’s location: 1/2 the vertical distance between the high and low points (first two points set).

By default Schiff Pitchfork in MultiCharts is created with 2 additional tines. That is possible to add up to 12 sets of tines at the user defined distance from the centerline.

Inserting Schiff Pitchfork

  1. Select one of three ways to insert Schiff Pitchfork:
    • In the menu select Insert, point to Drawing and click Schiff Pitchfork.
    • Click the Schiff Pitchfork Drawing Schiff Pitchfork.png icon on the Drawing toolbar.
    • Click the arrow next to the Drawing Tools Show Hide Drawing Tools.png icon on the Main toolbar and select Schiff Pitchfork from the menu.
  2. The cursor will change to the Pitchfork APF pointer.gif .
  3. In the Chart Area click where the pitchfork's handle is to begin.
  4. In the Chart Area click where the first tine is to begin.
  5. In the Chart Area click where the second tine is to begin.


Moving Schiff Pitchfork

To move Schiff Pitchfork without changing its shape:

  1. Drag the cursor to Schiff Pitchfork that is to be moved.
  2. The cursor Pointer Pointer.png will change into Hand Hand.png.
  3. Then keeping the left mouse button pressed drag the drawing tool to the desired position.
  4. Release the button.


Reshaping Schiff Pitchfork

To reshape Schiff Pitchfork (change its direction or the distance between its tines):

  1. Drag the cursor to Schiff Pitchfork that is to be reshaped.
  2. The cursor Pointer Pointer.png will change into Hand Hand.png.
  3. Left-click Schiff Pitchfork and 3 small squares will appear at the handle and the tines of the pitchfork.
  4. Drag one of these squares till the drawing tool becomes of the desired shape.
  5. Release the button.


Formatting Schiff Pitchfork

In MultiCharts one can change the settings of Schiff Pitchfork. All the changes are performed in the Format Schiff Pitchfork window.

Each instance of a Schiff pitchfork has its own Format window. The number (if there are 2 or more Schiff pitchforks in the same Chart Window) is shown in the titlebar of each Format Schiff Pitchfork window.

One can change the settings of Schiff Pitchfork: the color, style and weight of the handle, base and the tines. One can choose any element of the pitchfork to be displayed or hidden. It is also possible to change the time and price coordinates of Schiff Pitchfork.


Setting Style

  1. Access the Format Schiff Pitchfork window.
    To access the Format Schiff Pitchfork window:
    1. Drag the cursor to the Schiff pitchfork that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then double-click.
    Or
    1. Drag the cursor to the Schiff pitchfork that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then right-click.
    3. Select Format 'Schiff Pitchfork'… from the shortcut menu.
    Or
    1. In the Format Objects window select the Drawings tab.
    2. Select the Schiff pitchfork that is to be formatted and press the Format… button.
  2. Select the Data tab.
  3. To display or hide any elements of the pitchfork check or uncheck the Handle, Base, Tine 1 or Tine 2 check boxes.
  4. In the Color column, using the drop-down lists, select any of the preset 40 colors for the handle, base and tines or click the Other… button to select the custom colors.
  5. In the Style column, using the drop-down lists, select the desired styles for the handle, base and tines.
  6. In the Weight column, using the drop-down lists, select the desired weights for the handle, base and tines.
  7. Check the Use as Default check box to use these settings as the default settings when creating other Schiff Pitchforks.
  8. Click OK.


Setting Coordinates Precisely

  1. Access the Format Schiff Pitchfork window.
    To access the Format Schiff Pitchfork window:
    1. Drag the cursor to the Schiff pitchfork that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then double-click.
    Or
    1. Drag the cursor to the Schiff pitchfork that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then right-click.
    3. Select Format 'Schiff Pitchfork'… from the shortcut menu.
    Or
    1. In the Format Objects window select the Drawings tab.
    2. Select the Schiff Pitchfork that is to be formatted and press the Format… button.
  2. Select the Properties tab.
  3. In the Coordinates section enter the desired time coordinates in the Handle Date, Tine 1 Date and Tine 2 Date fields or use the drop-down calendars.
  4. In the Coordinates section enter the desired price coordinates in the Handle Value, Tine 1 Value and Tine 2 Value fields.
  5. Click OK.


Cloning Schiff Pitchfork

To clone a Schiff Pitchfork:

  1. Drag the cursor to the Schiff pitchfork that is to be cloned.
  2. The cursor Pointer Pointer.png will change into Hand Hand.png, then right-click.
  3. Select Clone Drawing from the shortcut menu.