Schiff's trident and Variant Trident, Guide Part 15
Schiff's trident and Variant Trident
After Schiff presented his work to Andrews, Andrews suggested a small modification. Practically, the work of this trident derives from displacing the principles of the trident half the vertical distance and half the horizontal distance between the largest and the minimum as shown in the previous graphic. The early fork is now at the midpoint of the blue trend line drawn between the high point and the low point.
Therefore, to draw the modified Shiff's trident, the following method is used:
Set the A and B aspects of the trident (same as standard Shiff's trident).
Mark the highest and lowest of the current upward or downward trend of the market.
To establish C (origin of the pitchfork), we move the principles half the vertical distance between the highest and the lowest and half the horizontal distance between the same points of view. This point will give us C, corresponding to the midpoint of the present trend.
From here, we draw the pitchfork following the standard method in the same way as shown in the following image.
To apply it, it is as simple as doing the following:
Maximum:
First we get the maximum. Then the minimum point after this. Finally the Maximum Point of this Minimum Point. In bearish case. Now in a bullish case it is the same but in reverse.
Minima:
First we get the minimum. Then the maximum point after this. Finally the Minimum Point of this Maximum Point. In Bullish case.
Then we have the Modified Version that places this automatically. So that you save the issue of placing it yourself. Either way. It will place it automatically. Try it. Schiff's Trident Variant or Modified. It is quite good for if you are new to try it in your own way as you practice and it is automatic.
After Schiff presented his work to Andrews, Andrews suggested a small modification. Practically, the work of this trident derives from displacing the principles of the trident half the vertical distance and half the horizontal distance between the largest and the minimum as shown in the previous graphic. The early fork is now at the midpoint of the blue trend line drawn between the high point and the low point.
Therefore, to draw the modified Shiff's trident, the following method is used:
Set the A and B aspects of the trident (same as standard Shiff's trident).
Mark the highest and lowest of the current upward or downward trend of the market.
To establish C (origin of the pitchfork), we move the principles half the vertical distance between the highest and the lowest and half the horizontal distance between the same points of view. This point will give us C, corresponding to the midpoint of the present trend.
From here, we draw the pitchfork following the standard method in the same way as shown in the following image.
To apply it, it is as simple as doing the following:
Maximum:
First we get the maximum. Then the minimum point after this. Finally the Maximum Point of this Minimum Point. In bearish case. Now in a bullish case it is the same but in reverse.
Minima:
First we get the minimum. Then the maximum point after this. Finally the Minimum Point of this Maximum Point. In Bullish case.
Then we have the Modified Version that places this automatically. So that you save the issue of placing it yourself. Either way. It will place it automatically. Try it. Schiff's Trident Variant or Modified. It is quite good for if you are new to try it in your own way as you practice and it is automatic.