Language of Markets will be observing Columbus Day Holiday. We will be off on Monday, October 13th. We will resume our LOM sessions on Friday, October 17th at 12:00 pm PDT. Have a great long weekend with family and friends.
Language of Markets will be observing Columbus Day Holiday. We will be off on Monday, October 13th. We will resume our LOM sessions on Friday, October 17th at 12:00 pm PDT. Have a great long weekend with family and friends.

Shane Blankenship

Foundations of Trading Part 3: Andrews Median Line Tools

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The Andrews Median Line is a simple tool that can be applied any instrument in any time frame. It beautifully describes and projects the process of a swing cycle. The Median Line simply bisects a price swing using the relationship from any 3 alternating pivots and then projects price back to its median to complete the swing cycle. If there are two extremes, (opposites) there must also be a center. I refer to Median Line tools cause there are a few basic types of Median line sets along with a some other lines tools. With a  thorough understanding of these tools and swing structure we can use them very purposefully fro particular situations.

Median Line Tools

  • Standard Median Line set
  • Pendulum Median Line set
  • Modified Schiff Median Line set
  • Reverse Median Line set
  • MPL – Multi-Pivot-Line
  • Action Reaction Lines
  • Sliding Parallel
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