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Rohit_Garg

Chandelier Exit

Rohit_Garg  
Volatility Average True Range (ATR) Volatility Stop
96
1
volatility averagetruerange volatilitystop
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.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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