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 Index ・ Abandoned Baby ・ Account Statement Report ・ Appreciation ・ Arbitrage ・ ADP Non Farm Employment Change ・ Ask price ・ Ascending Trend Line ・ Average Effective Duration・ AAA+ Bank Definiton・ ABC Elliot waves・ Above the market - limit order・ Absolute Breadth Index・ Average directional index ・ Average directional index・ Aggregation・ Average Down・ Average Directional Movement・ Alpha coefficient・ Anaume・ Andrews Method・ Accumulation and Distribution