Chandelier Exit

2019年3月6日

This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.

This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).

In short, this is a trailing stop-loss based on the Average True Range (ATR).

2019年8月3日

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• Added Buy/Sell alerts
  
• Added Buy/Sell labels
  

2019年8月3日

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• Fix erratum
  

2019年8月25日

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• Updated to v4
  

2019年10月12日

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• Added long/short state highlighting
  

2020年11月27日

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• Update
  

2023年11月25日

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• Upgraded to PineScript V5
  
• Added option to wait for bar confirmation before triggering an alert