schiffPitchforkModified

The Modified Schiff Pitchfork is another twist on the classic pitchfork. It shifts the pivot point a little differently compared to the normal Schiff version, so the fork lines often fit sideways or consolidating markets better.

Think of it like this:

• The classic pitchfork is strict.

• The Schiff pitchfork smooths it out.

• The Modified Schiff pitchfork adjusts even more, so you can track price action when the market isn’t trending in a straight line.

Syntax

schiffPitchforkModified(pivot, left, right, styles?)

Parameters

• pivot The handle of the fork. Build it with newPoint(time, price) — for example:

  newPoint(time(40), low(40))

• left The first side anchor. Example:

  newPoint(time(25), high(25))

• right The second side anchor. Example:

  newPoint(time(12), low(12))

• styles (optional) Customize how the fork looks:

  • linecolor: color of the fork lines (e.g., color.teal)

  • linewidth: thickness of the lines

  • linestyle: solid/dashed/dotted

  • median: style options for the center line

  • extendLines: true/false to extend lines into the future

  • fillBackground: optional shaded area

Return Value

• string — A unique drawing id.

Example

This script draws a teal Modified Schiff Pitchfork every 30 candles using clear swing points.

//@version=1
init = () => {
    // Drawings on the main chart
    indicator({ onMainPanel: true, format: 'inherit' });
};

onTick = () => {
    // Every 50 candles, add a Modified Schiff Pitchfork
    if (index % 50 === 0) {
        // Main pivot: 12 candles ago, at its low
        const pivot = newPoint(time(12), low(12));

        // Left anchor: 10 candles ago, at its high
        const left = newPoint(time(10), high(10));

        // Right anchor: 5 candles ago, at its low
        const right = newPoint(time(5), low(5));

        // Draw the Modified Schiff Pitchfork
        // - Line color: teal
        // - Line thickness: 2
        // - Median line visible by default
        schiffPitchforkModified(
            pivot,
            left,
            right,
            { linecolor: color.teal, linewidth: 2 }
        );
    }
};

This creates a teal Modified Schiff Pitchfork that adapts better when price is drifting sideways instead of making a strong trend.

Result

Tips

• Use Modified Schiff when you want a pitchfork that handles choppy or sideways markets.

• Great for spotting potential breakout zones inside ranges.

• Try combining it with a horizontalRay to mark flat levels while the fork shows angled paths.

Warning

• If your three anchors are too close together, the fork can collapse and look strange.

• Don’t use it as a one-size-fits-all — sometimes the classic pitchfork works better for clear trends.

Good Practice

• Keep your pitchforks color-coded:

  • Red for classic

  • Blue for Schiff

  • Teal for Modified Schiff This way you instantly know which type you’re looking at.

• Update the fork with fresh pivots if the market structure changes — don’t just keep the old one.

• Use larger swings for anchors when trading higher timeframes, so the fork gives you meaningful guidance.