Andrews Method definition

A technique by which technical analysts determine extremely low or high prices, use them as a pivot point, and draw a line called the median line from that point that intersects the line drawn over the next correction phase that occurs after the turning point.

Lines parallel to the median line are drawn over the highest and lowest points of the correction phase. Parallel lines determine resistance and support levels of the price channel.

Related words

ABC Consumer Comfort IndexAbandoned BabyAccount Statement ReportAppreciationArbitrageADP Non Farm Employment ChangeAsk priceAscending Trend LineAverage Effective DurationAAA+ Bank DefinitonABC Elliot wavesAbove the market - limit orderAbsolute Breadth IndexAverage directional indexAverage directional indexAggregationAverage DownAverage Directional MovementAlpha coefficientAnaumeAndrews MethodAccumulation and Distribution