Chandelier Exit – indicator MetaTrader 5

March 2, 2024 by

Real author: MQLService A trend indicator drawn in the form of a colored cloud. with stops beyond the range of the colored cloud. Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 27.09.2007. Figure 1. The ChandelExit indicator Chandelier Exit – indicator MetaTrader 5

Chandelier Exit – indicator MetaTrader 4

February 29, 2024 by

Chandelier Exit - indicator for MetaTrader 4

Author: MQLServiceChandelier Exit calculates the trailing stop based either on the maximum value of the maximum price or the maximum value of the close price over a specified period. The distance from the maximum point to the trailing stop is best calculated in ATR (Average True Range) units. However, it is possible to measure in … Read more

Chandelier exit – indicator MetaTrader 5

February 26, 2024 by

Chandelier exit - indicator for MetaTrader 5

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 … Read more

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Chandelier Exit – indicator MetaTrader 5

Chandelier Exit – indicator MetaTrader 4

Chandelier exit – indicator MetaTrader 5