Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
since a while, I try to find the Chandelier Exit (from Chuck LeBeau) in Metaquotes (mt4) language!
But all I found is "Easy Language for Trade Station" or the following Code:
So, my problem is, that I´m a Trader... ...not a programmer! So I hope I can find somebody help me to programm this Chandelier Exit in mt4 !?!?!?!?
I would like to have a "Chandelier Indikator"!!! I hope it´s possible...
...my idea is to use an indicator, which draw a "step-line" or "dot-Levels" for each period! The levels are the "Highest high minus 3 * ATR" and the "lowest low plus 3 * ATR"... ...so it will be a channel!!!
So if I found an entry, I will check the Chandelier Indicator and I will know my Stopp! If the price will cross the indicator I will know my exit!
Can anyone help my to programm this indicator... ...I´m really sorry, but my Metaquotes programming skills are really poor...
Hallo,
could yu change the Indicator in the way we can see the past Chandelier Points - maybe in form of a Line - ?
The next step (Indicator) would be the Yo Yo, see the quote from Mr. Chuck LeBeau:
"THE YO YO EXIT: This exit is very similar to the Chandelier Exit except that the ATR stop is always pegged to the most recent close instead of the highest high. Since the closes move higher and lower, the stop also moves up and down (hence the Yo Yo name). Although this stop appears similar to the Chandelier Exit the logic is quite a bit different. The Yo Yo Exit is a classic volatility stop that is intended to recognize an abnormal adverse price fluctuation that occurs in one day. This abnormal volatility is often the result of a news event or some important technical reversal that is likely to signal the end of a trend. This logic makes the YO YO exit very effective and we seldom regret being stopped out whenever this exit is triggered. "
Hi,
I want present free version of VoltyChannel_Stop_v1. It's system indicator
like PriceChannel_Stop.
Think you find all answers to your questions.
Input values:
chandelier
Linear Mode
