OPEN-SOURCE SCRIPT
Chandelier Exit PRO (Fixed)
This script is a trend-following trading indicator that:
Uses ATR (volatility) to create dynamic stop levels
Detects trend direction changes (uptrend / downtrend)
Generates BUY signals when trend turns bullish
Generates SELL signals when trend turns bearish
Uses ADX to avoid sideways markets and reduce false signals
Uses ATR (volatility) to create dynamic stop levels
Detects trend direction changes (uptrend / downtrend)
Generates BUY signals when trend turns bullish
Generates SELL signals when trend turns bearish
Uses ADX to avoid sideways markets and reduce false signals
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.