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@@ -13,9 +13,7 @@
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| **PineScript** | [chandelier.pine](chandelier.pine) |
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- 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...
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- Parameterized by `period` (default 22), `multiplier` (default 3.0).
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- Output range: Varies (see docs).
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- Requires `period + 1` bars of warmup before first valid output (IsHot = true).
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- **Similar:** [PSAR](../psar/Psar.md), [Super](../../dynamics/super/Super.md) | **Complementary:** ADX for trend strength | **Trading note:** Chandelier Exit; ATR-based trailing stop from highest high. Risk management tool.
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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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.
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@@ -165,4 +163,4 @@ Cross-validation with Skender.Stock.Indicators confirms exact numerical match fo
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- Le Beau, C., & Lucas, D. (1992). *Technical Traders Guide to Computer Analysis of the Futures Market*. McGraw-Hill.
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- Elder, A. (2002). *Come Into My Trading Room: A Complete Guide to Trading*. John Wiley & Sons.
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- Skender.Stock.Indicators: [`GetChandelier()`](https://dotnet.stockindicators.dev/indicators/Chandelier/)
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- Skender.Stock.Indicators: [`GetChandelier()`](https://dotnet.stockindicators.dev/indicators/Chandelier/)
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