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Similar to the SuperTrend and VStop indicators, the Chandelier Exit allows you to determine the trend direction and trend reversal points. If you have open trading positions, the indicator helps to stay in the trend as long as possible. According to theory, traders should close long positions at the highest high since opening a position minus 3 ATR.
  Chandelier Exit Indicator Action
 ChandExit(22,3) Is Above Price    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 ChandExit(22,3) Is Below Price    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 ChandExit(22,3) Bullish Reversal    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 ChandExit(22,3) Bearish Reversal    Customize Screen    Backtest Screen    Create Strategy and Backtest   




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