Chandelier Exit

Chandelier Exit

An indicator that can be used to set trailing stop-losses for both long and short positions.

What Is the Chandelier Exit?

Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.

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