Smart Chandelier Exit MT4
- Göstergeler
- Sürüm: 1.5
Smart Chandelier Exit for MetaTrader 4
Smart Chandelier Exit is an advanced volatility trailing-stop and trend-direction indicator developed for MetaTrader 4. It enhances classical Chandelier Exit logic by introducing a real-time Pearson R correlation engine to quantify trend quality and weed out sideways market noise.
Technical Specifications
1. Precision Ratchet Trailing: The trailing line computes adaptive volatility bands based on Highest High and Lowest Low channels combined with Average True Range. Stop levels ratchet strictly in favor of the position and never loosen.
2. Pearson R Quality Gauge: An embedded statistical correlation calculation analyzes price distribution against linear time. It categorizes price action into Ranging, Moderate Trend, and Strong Trend states.
3. Anti-Whipsaw Confirmation: False signals are minimized through a 5-bar confirmation window that verifies trend persistence before printing signal arrows.
4. Draggable HUD Dashboard: An elegant Bloomberg-style dark obsidian panel provides instantaneous readings of current stop distance, market regime, Pearson R strength, and higher timeframe bias.
Expert Advisor Integration
Algorithmic traders can readily interface with the indicator via iCustom using 16 pre-assigned buffers: Buffer 0 and 1 provide core stops, Buffer 6 and 7 provide confirmed arrows, Buffer 10 provides current trend direction (+1 or -1), and Buffer 11 provides Pearson R values.
