Question 1

What does Chandelier Exit show?

Accepted Answer

Two trailing exit lines hung from the highest high and the lowest low, a few volatility units away, like a chandelier from a ceiling.

Question 2

How is Chandelier Exit built?

Accepted Answer

The long exit is the highest high of the period minus a multiple of the Average True Range, the short exit is the lowest low plus the same. Default: Length 22, ATR length 22, ATR multiplier 3.

Question 3

How do traders read Chandelier Exit?

Accepted Answer

The long exit rises with an uptrend and never drops. A close under it is read as the end of the move. A bigger multiplier gives more room and fewer exits.

Chandelier Exit

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