Apex - Chandelier Exit (CE)
Is a volatility based indicator that helps to identify LONG and SHORT positions. Was developed by Chuck Le Beau but was introduce by Alexander Elder in the publication “Come into My Trading Room,” which was published in 2002.
Can be used as an entry or exit/trailing. Or a simple yet very effective trend which is the main reason it was added into the Apex. When you ask what is the difference to ATR Stop. This indicator has similar logic but is much more finetuned to not give as many fake signals as its predecessor.
This indicator does not differ to any other CE just is finetuned to match the output of Apetrades as much as possible. When using different timeframe than on the chart, then the number will not match perfectly due to tradingview solution of a security function.
Enjoy.
Can be used as an entry or exit/trailing. Or a simple yet very effective trend which is the main reason it was added into the Apex. When you ask what is the difference to ATR Stop. This indicator has similar logic but is much more finetuned to not give as many fake signals as its predecessor.
This indicator does not differ to any other CE just is finetuned to match the output of Apetrades as much as possible. When using different timeframe than on the chart, then the number will not match perfectly due to tradingview solution of a security function.
Enjoy.