Description
Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.
u
modarkat
Joined on 25.12.2013
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Chandelier Exit.algo
- Rating: 0
- Installs: 6015
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Comments
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RU
This has been pretty poorly coded. The chandelier stops s adjust downward in an uptrend and upward in a downtrend.
Using SAR as an alrenative...