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Chandelier Exits


Chandelier Exits object is a Trading Indicator and it was developed by Brian Brown on December 2, 2009.
The coding of this Technical Analysis method needed 12 lines.
The indicator is called 'chandlier_exits' and it is created using JScript.
It gets 3 parameters. The different parameters are:
period (Type: Number - Default Value: 0): CE Period
multiple (Type: Number - Default Value: 0): ATR multiplication coefficient
up_down (Type: Number - Default Value: 0): Specifies an up or down CE will be calculated

Example:
p = chandlier_exits(0, 0, 0);

To plot the indicator on a chart:
Plot(chandlier_exits(0, 0, 0), "Chandelier Exits", colorRed);

Future and Past Bars:
The trading indicator does not use future bars. It needs zero previous bars.

Click on this link to download Chandelier Exits

Search terms used to find this trading item include chandelier exit, chandelier exits, chandelier exit formula, chandelier indicator, Chandelier exit indicator

The trading object is saved under the following categories: Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.