Chandelier Exit - is a custom indicator for SL calculation. It is based on ATR().

Introduced by Chuck LeBeau, the Chandelier Exit sets your stop at a level below the highest high or the highest close since your entry. As with the Parabolic stop strategy, the chandelier is self adusting and trails the market.

Attachments:

File	Description	File size	Last Modified
ChandelierExit.mq4		3 Kb	28/04/09 00:48