Chandelier exit

What does Chandelier exit measure?

A trailing stop that hangs from the recent extreme, a set distance away. It rises with a winning trade and never falls, so it locks in ground without crowding normal noise.

How is Chandelier exit calculated?

For the long version, take the highest high of the last 22 candles and drop down by 3 times the 22-candle average true range. For the short version, take the lowest low and add the same distance.

Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.

How do I use Chandelier exit in a bot?

In the builder, add an indicator of type chandelier (parameters: length, default 22; mult, default 3). Its output series — long, short — become operands you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.

Related indicators

• Close location valueWhere the close landed inside the candle.
• Coeff of variationVolatility measured relative to price level, so a $10 stock and a $500 stock can be compared fairly.
• DrawdownHow far below its recent peak the stock is trading, in percent.
• Historical volHow volatile the stock has been, stated the way options traders state it: an annual percentage.

Or browse all 158 indicators in the full library.