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Chandelier Exit

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).
Notes de version
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Notes de version
  • Fix erratum
Notes de version
  • Updated to v4
Notes de version
  • Added long/short state highlighting
Notes de version
  • Update
Notes de version
  • Upgraded to PineScript V5
  • Added option to wait for bar confirmation before triggering an alert

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