Indicators: Chandelier Exit

 

Chandelier Exit:

A trend indicator drawn in the form of a colored cloud. with stops beyond the range of the colored cloud.

Figure 1. The ChandelExit indicator

Author: Nikolay Kositsin

 

Nice indicator.

Will check its accuracy.

Thanx! 

 
This is a good one actually, I like this implementation of the chandelier exit. I changed the inputs to make it quite reliable: RangePeriod: 6 Shift: 1 ATRPeriod: 5 MultipleATR: 2 RangePeriod is better to be 6 or higher on the shorter timeframes, and 3 to 6 on the longer timeframes.