AlgoKing Chandelier Exit Indicator MT5

AlgoKing Chandelier Exit Indicator (MT5)


The Chandelier Exit Indicator is a volatility based indicator that maximizes returns using the Average True Range (ATR) value and the highest high or lowest low of a period.

Benefits

  • Should be used as a trailing stop.
  • Helps you exit a position when you have a respectable profit.
  • Identifies a high probability of a trend reversal when the price moves against the prevailing trend by a distance equal to 3x the average volatility.
  • Join the AlgoKing Lightning Bolt Expert Advisor support group:  https://www.mql5.com/en/messages/02E3BDCF0095D801

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Divergence is one best ways to trade the financial market as it is a leading indicator of price action that detect high probability reversal and continuation setups.   The AlgoKing Divergence Detector is an RSI and Stochastics Indicator with Divergence Detection. Features Hidden Divergence for trend continuation. Standard or Normal Divergence for trend reversal. Screen Alerts. MetaQuotes Notifications. Email Notifications. RSI Indicator built in. Stochastics Indicator built in. Types of Divergen
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