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everget
6 mar 2019 23:40

Chandelier Exit 

FX:USDZAR1D
U.S. Dollar/South African RandFXCM

Beskrivning

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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).

Versionsinformation

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  • Added Buy/Sell alerts
  • Added Buy/Sell labels

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  • Fix erratum

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  • Updated to v4

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  • Added long/short state highlighting

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  • Update

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  • Upgraded to PineScript V5
  • Added option to wait for bar confirmation before triggering an alert
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Kommentarer
ARSAlgo
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Dear sir, which timeframe is the best for BTCUSD(bybit) leverage trading? ☺
everget
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@aliarbd, I would advise the honourable gentleman to write a strategy version for the given indicator and check
andreamolle926
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@everget, hi i don't manage to code a strategy version of it because i don't find any way to do a strategy with this indicator, could you help me??
V4hed
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@andreamolle926, put 1and 1.35 in input data
andreamolle926
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@V4hed, is it the best setting??
richcorreia7
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@V4hed, what is the logic of changing the ATR Period and ATR Multiplier from 22 and 3 respectively to 1 and 1.35?
richcorreia7
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@andreamolle926, What is the logic of changing the ATR Period and ATR Multiplier from 22 and 3 respectively to 1 and 1.35?
dschaudhari83
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@everget, very great ful to you sir that you put your indicator source free that helps also a small trader like me
mjshoaee
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@everget, yes, please!
exactingApple29812
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@ARSAlgo, 1D is best TF
Mer