OPEN-SOURCE SCRIPT
Chandelier Exit
Chandelier Exit (CE) is a volatility-based indicator developed by "Chuck Le Beau", ATR is used to measure the Volatility.
It identifies stop loss exit points for long and short trading positions.
Configuring the ATR period = 1 and Multiplier = (say) 1.25 or 1.5, it can be used for readily available buffer Stop Loss value from previous high/low.
It identifies stop loss exit points for long and short trading positions.
Configuring the ATR period = 1 and Multiplier = (say) 1.25 or 1.5, it can be used for readily available buffer Stop Loss value from previous high/low.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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