Extra indicators
Chandelier Exit
Trailing stop levels set a few ATRs away from the highest high (for longs) or lowest low (for shorts).
Die Idee in einfachen Worten
A stop should give the trade room to breathe in proportion to how much the market normally moves. The chandelier "hangs" the long stop from the highest high, at a distance of a multiple of the average true range.
So wird gerechnet
Long exit = highest high of N candles − multiple × ATR(N). Short exit = lowest low of N candles + multiple × ATR(N).
Long exit = HH(N) − m × ATR(N)
Short exit = LL(N) + m × ATR(N) (defaults N = 22, m = 3)Anwendung
- As a trailing stop: keep a long position while the price stays above the long exit line.
- A close beyond the line is a common signal to leave the trade.
Schlüsse ziehen
- A wider multiple keeps you in longer trends but gives back more profit.
Beispiel
XAUUSD daily: the highest high of 22 days is 2,450 and the ATR 28, so the long exit sits at 2,450 − 84 = 2,366. A close below 2,366 would end the trade.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- In choppy markets the price can close beyond the line and turn back.
Ein wenig Geschichte
Developed by Chuck LeBeau and popularised by Alexander Elder in "Come Into My Trading Room" (2002).
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.