Chandelier Exit

Category: volatility

ATR trailing stop hung from the highest high of the trade; a pure exit mechanism.

Formula

LongStop = HH_N − k·ATR_N; ShortStop = LL_N + k·ATR_N

Inputs

• period (default: 22)
• multiplier (default: 3)

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