Chandelier Exit ZLSMA Strategy — Indicator by simwai

movingaverage zlsma strategy buysellindicator non-repainting no-repaint buysell buysellsignal chandelierexit

Introduction
Heyo guys, I recently checked out some eye-catching trading strategy videos on YT and found one to test.
This indicator is based on the video.

Usage
The recommended timeframe is 5 min.

Signals
Long Entry => L Label
Price crosses above ZLSMA and Chandelier Exit shows Buy

Long Exit => green circle
Price crosses below ZLSMA

Short Entry => S Label
Price crosses below ZLSMA and Chandelier Exit shows Sell

Short Exit => orange circle
Prices crosses above ZLSMA

Ty for checking this out. Enjoy!

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Credits to
@netweaver2011 - ZLSMA
@everget – Chandelier Exit

Release Notes:

Removed useless input
Fixed rounding bug (int, float)

Release Notes:

Fixed alert conditions

Release Notes:

Updated inputs

simwai.taplink.ws/

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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