Greg Fisher – Using Median Lines as a Trading Tool

GREG FISHER – USING MEDIAN LINES AS A TRADING TOOL

It was 3.4 MB.

The Median Line was developed by Dr. Alan Andrews in the 1960s and 1970s. There was a high probability price returned to the Median Line after he made three alternative price pivots. The Action-Reaction course was taught by Dr. Andrews.

Drawing a single line will allow you to know where the price of any stock is headed and the probable time it will reach there. The method would.

Allow the user to be one of the few who can tell where the prices are headed, and the place they will reach about 80% of the time, and when approximately that place will be reached.

Which raises a number of questions.

Does this method apply to today’s markets? Which markets? Does price return to the Median Line more often than not? When the Median Line is close, what happens? What is the probability that the Median Line will change?

I didn’t think much of the work when I first read it. It was too simple. I found out that there was more behind the words after the first appearance of simplicity. It’s most likely years of market study. I decided to study the Median Line method to see if it worked. I wanted to know if the method worked. I used the major observations Dr. Andrews made as a basis for the study. He used to refer to the probability of prices acting according to his observations. Why not start there? The probability of price acting was determined by the observations of Dr. Andrews. What did I find? It really doesn’t matter what I found. Why? I drew the lines on certain charts under certain conditions. Would the results apply to all markets, all time frames, and all conditions? Maybe. I don’t know if the way I drew the lines differed from the way others would draw them. The question I wanted to answer was,

Could a given probability be used to estimate future price action if the lines were consistently applied to past price charts?

The result of my research is documented in a book. My research helped me understand the value of the Median Line method. I realized the value in a step-by-step systematic approach to testing the method, so others can follow the same path.