Forex Chandilier
- Indicatori
- Ridhdi Patel
- Versione: 2.1
Take Control of Your Exits with 100% Precision and Volatility-Based Logic.
Forensic ATR Chandelier Exit Pro is a high-performance trend-following and stop-loss management indicator for MetaTrader 5. It is designed for traders who demand professional-grade volatility analysis, mirroring the precision logic of world-class TradingView implementations natively within MQL5.
This indicator uses Average True Range (ATR) to identify optimal trailing stop levels, helping you stay in winning trades longer while exiting precisely when the trend shifts.
🌟 Why Choose Forensic ATR Chandelier Pro?
- 100% Logic Parity: Mathematically identical to the most popular volatility-based exit strategies. It features the "ratchet" mechanism that prevents stops from ever widening during a trend.
- Dynamic Trend Scaling: Automatically adjusts to market volatility. When the market gets wild, your stops expand; when it trends smoothly, they tighten to protect your capital.
- Professional Visuals: Features beautiful "Cloud Shading" (Highlight State) that colors the gap between price and your stop loss, providing instant visual confirmation of the current trend intensity.
- Smart Labels & Signals: Includes automated Buy/Sell text labels and start-node circles, making entry and exit points crystal clear at a glance.
- Multi-Type Alert System: Never miss a shift. Get notified via MT5 Alerts on direction changes. Supports "Await Bar Confirmation" to prevent false signals during volatile candles.
⚙️ Core Technical Features
- Custom ATR Calculation: Full control over ATR Period and Multiplier to fit any timeframe or asset class (Forex, Gold, Stocks, Crypto).
- Highest/Lowest Lookbacks: Choose between using High/Low extremes or Close-price extremums for even more conservative trailing.
- Clean Code Architecture: Built for performance. Optimized for fast backtesting and real-time execution without lagging your terminal.
- Native Implementation: No external DLLs or software needed. Runs natively on any MT5 platform.
🚀 Ideal For:
- Trend Followers: Identify the start and end of major moves with high confidence.
- Scalpers & Day Traders: Perfect for securing profits on fast moves in M1, M5, and M15 timeframes.
- EA Developers: The clean buffer logic makes it incredibly easy to integrate into your own Expert Advisors for automated exit management.
🔧 Parameters Guide
- ATR Period: Lookback window for volatility calculation (Default: 22).
- ATR Multiplier: Distance of the stop loss from price based on ATR values (Default: 3.0).
- Use Close Price: If true, the highest/lowest extremums are based on closing prices rather than candle wicks.
- Show Labels: Toggle "Buy" and "Sell" text displays on the chart.
- Highlight State: Toggle the background cloud filling for a premium dashboard look.
- Await Bar Confirmation: If true, alerts only fire after the candle closes to ensure the signal is locked.

very nice indicator, it would be good if there were a notification option on the phone