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Miha Kralj
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lib/reversals/chandelier/Chandelier.md
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# CHANDELIER: Chandelier Exit
| Property | Value |
| ---------------- | -------------------------------- |
| **Category** | Reversal |
| **Inputs** | OHLCV bar (TBar) |
| **Parameters** | `period` (default DefaultPeriod), `multiplier` (default DefaultMultiplier) |
| **Outputs** | Single series (Chandelier) |
| **Output range** | Varies (see docs) |
| **Warmup** | `period + 1` bars |
### TL;DR
- The Chandelier Exit computes ATR-based trailing stop levels that hang from the highest high (for longs) or rise from the lowest low (for shorts) ov...
- Parameterized by `period` (default defaultperiod), `multiplier` (default defaultmultiplier).
- Output range: Varies (see docs).
- Requires `period + 1` bars of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
> "The exit is more important than the entry. Everyone knows where to get in; getting out alive is the real trick."
The Chandelier Exit computes ATR-based trailing stop levels that hang from the highest high (for longs) or rise from the lowest low (for shorts) over a lookback period. It produces two overlay lines: ExitLong (trailing stop for long positions) and ExitShort (trailing stop for short positions). Developed by Charles Le Beau and popularized by Alexander Elder. Default parameters: period 22, multiplier 3.0.