What it draws
A pitchfork variant that shifts the median line's origin halfway toward the second pivot in price, flattening the fork's slope versus the standard Andrews version. It fits corrective or decelerating trends where the classic fork points too steeply.
How to draw it
- Pick Schiff Pitchfork from the left toolbar (Pitchforks group).
- Three points, same click sequence as a standard pitchfork: the starting pivot, then the next swing high and swing low. The Schiff origin shift is applied automatically.
How traders use it
- Reach for it when a standard pitchfork's median line slopes away from price and never gets touched — the Schiff version usually re-engages the swings.
- Trade median pullbacks and tine rejections exactly as with a standard fork, just on the flatter geometry.
- Use it on retracements and channel corrections within a larger trend, where slopes are gentler than the initial impulse.
- A break and close beyond the lower tine of an up-sloping Schiff fork is a practical trend-exit signal.
Settings reference
Double-click the drawing (or use its floating toolbar → gear) to open settings:
| Setting | Control | Possible values | Default | Effect |
|---|---|---|---|---|
| Pitchfork Levels | levels-editor | per level: visible checkbox, value (number, step 0.001), color swatch, line style (solid/dashed/dotted), delete; "+ Add Level" appends a new level | 0.25 (hidden), 0.382 (hidden), 0.5, 0.618 (hidden), 0.75 (hidden), 1, 1.5 (hidden), 1.75 (hidden), 2 (hidden) | Defines the parallel level lines drawn either side of the median line — each level’s visibility, multiplier, color and dash pattern is editable, and levels can be added or removed. |
| Color | color | any color (theme color picker) | #05B878 | Color of the median line and level lines. |
| Line Width | select | 1px | 2px | 3px | 4px | 2px | Stroke thickness of the drawing’s lines and outlines. |
| Line Style | select | Solid | Dashed | Dotted | Solid | Dash pattern used for the drawing’s lines. |
| Fill Color | color | any color | #05B878 | Background fill color between the pitchfork level lines. |
| Fill Opacity | slider | 0–100 | 4 | Opacity of the background fill between the level lines. |
| [Tab] Text — Text | checkbox + textarea | on/off, with a multiline text box for the label content | off (on when the drawing already carries text) | Enables an attached text label on the drawing; typing in the box auto-enables it and updates the label live. |
| [Tab] Text — Text Color | color | any color | same as the drawing’s line color | Color of the attached text label. |
| [Tab] Text — Font Size | select | 8, 10, 11, 12, 14, 16, 18, 20, 24, 28, 32, 36, 48, 64, 72 | 14 | Point size of the attached label text. |
| [Tab] Text — Bold | checkbox | on/off (B toggle button) | off | Renders the label in bold. |
| [Tab] Text — Italic | checkbox | on/off (I toggle button) | off | Renders the label in italics. |
| [Tab] Text — Word Wrap | checkbox | on/off | off | Wraps long label text onto multiple lines instead of one long line. |
| [Tab] Text — Text alignment (vertical) | select | Top | Middle | Bottom | Top | Vertical placement of the label relative to the drawing. |
| [Tab] Text — Text alignment (horizontal) | select | Left | Center | Right | Center | Horizontal placement of the label relative to the drawing. |
| [Tab] Coordinates | number + datetime | one row per anchor point: price (number, step 0.05) and local date/time | the drawing’s current anchor values | Edits anchor geometry numerically — changing a point’s price or time moves the drawing live on the chart. |
| [Tab] Visibility | checkbox + number range | interval buckets: Ticks; Seconds 1–59; Minutes 1–59; Hours 1–24; Days 1–366; Weeks 1–52; Months 1–12; Ranges (each bucket has an on/off checkbox, most also a from–to range) | visible on all intervals | Per-timeframe visibility rules — untick a bucket to hide the drawing on those chart resolutions, or narrow the from–to range within a bucket. |
Editing & managing
- Move / adjust: drag the drawing or any anchor handle; magnet mode snaps points to OHLC values.
- Clone / lock / hide / delete from the floating toolbar or right-click menu.
- Templates: save the current style from the settings dialog and reapply it to new drawings.
- Every action is undoable (⌘Z / Ctrl+Z).
Watch out for
- With four fork variants available, it is tempting to switch variants until one 'works' — pick the variant price has actually been respecting and stick with it.