everget

Chandelier Exit

This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.

This indicator was originally developed by Charles Le Beau and popularized by Dr . Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).

In short, this is a trailing stop-loss based on the Average True Range (ATR).
Aug 03
릴리즈 노트:
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Aug 03
릴리즈 노트:
  • Fix erratum
Aug 25
릴리즈 노트:
  • Updated to v4
Oct 12
릴리즈 노트:
  • Added long/short state highlighting
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any chance you could help "fix" this for pine ver 4? :/
+1 응답
everget KaspB2206
@KaspB2206, sure
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Good work. Gonna use this code for one of my things.
+1 응답
@LucF, thanks a lot mate!
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Something wrong on 13 Aug 2018 ? Shouldn't the green line be always going up or sideways?
+2 응답
everget sal157011
@sal157011, Yes, I also noticed. Will check tomorrow. Thanks!
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sal157011 everget
@everget, I think I have found one solution for our problem. The problem is that when the atr is too large and is added to the chandelier high or low it engulfs the close, so we should use the chandelier based on the close. Try to change the 10 an 11 lines of the script with
long = highest(close,length) - atr
short = lowest(close,length) + atr
+2 응답
everget sal157011
@sal157011, thanks a lot! I am working on update also. Trying to keep the original formula
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LucF sal157011
@sal157011, Chandelier can by design go down/up if ATR increases or no new hi/lo is made.
+1 응답
I have always enjoyed Chandelier Exits, ATR Stops and Volatility Stops. Nice work friend
+1 응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 헬프 센터 프렌드 리퍼하기 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃