Tools: Schiff Pitchfork and Modified Schiff Pitchfork

I think I use the modified Schiff about 90% more than the regular one.  

For Modified Schiff Lines, the handle of the fork is drawn from the mid point the line from A-B.  The regular Schiff Lines are drawn from the midpoint of a vertical  line draw from the A to B price levels.    The modified Schiff lines are most often used in congestion or if the regular Andrew's fork is "too steep". 

Schiff was apparently one of Andrew's students.  He was a floor trader on the NYSE and came up with these versions of the Andrew's Median Lines.  I think it was in the early 80's.

This is a regular Schiff Median Line picture.  I drew in the vertical to show the Schiff handle location.   MP is the mid-point of the vertical segment there.  I did not draw the vertical white line all the way to the A point, as it would cover up the price bar. The purple line marks the full length of that vertical.

In Ensign Windows, select the Andrew's Pitchfork draw tool and locate the tool's 3 construction points at A, B and C.  On the tool's property form, check the Shiff Lines box to have the pitchfork handle change to the MP location as shown above.  Check the Modified Schiff check box to have the pitchfork handle change from the MP location to the midpoint of the A-B line.