Chandelier stop

Formula for the Chandelier stop Indicator
CE
Written by CJ Edwards
Updated 4 years ago

It is a dynamic level, calculated as a multiple of the average range of the last 10 days, which closes the position if the deviation from the most recent maximum exceeds a certain volatility value.

It is often considered to be a very effective system for running profits but still tries to offer an attempt to avoid actual market reversals.

 

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