Chandelier Exit

Category: volatility, trend

A volatility-based trailing stop-loss indicator that sets exit points based on Average True Range (ATR) relative to recent price extremums.

Formula

Long\ Stop = Highest(Length) - (Multiplier \cdot ATR(Length)) \\ Short\ Stop = Lowest(Length) + (Multiplier \cdot ATR(Length))

Inputs

• length (default: 22)
• mult (default: 3.0)
• useClose (default: true)

See signal primitives and every published strategy that uses Chandelier Exit on WOBR StrategyVerse.