Extra indicators
Chandelier Exit
Trailing stop levels set a few ATRs away from the highest high (for longs) or lowest low (for shorts).
La idea en pocas palabras
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.
Cómo se calcula
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)Cómo usarlo
- 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.
Sacar conclusiones
- A wider multiple keeps you in longer trends but gives back more profit.
Ejemplo
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.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- In choppy markets the price can close beyond the line and turn back.
Un poco de historia
Developed by Chuck LeBeau and popularised by Alexander Elder in "Come Into My Trading Room" (2002).
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.