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Hi all,

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...

I would really appreciate your help,

Best Regards,

dvp.

Chandelier Attached.



Martin

Attached Files

Chandelier.zip (961 Bytes, 988 views)

Hi Martin,

thanks a lot!!!!!!

It works great....

....I really appreciate your help!

Best regards and good trades!

dvp

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. "

http://traderclub.com/cgi-bin/discus/show.cgi?107/107

Would be very nice to get it for MT4 too.
Thanks

Same request here!

__________________
http://img.photobucket.com/albums/v4...sa/userbar.jpg

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:

Length=10 Volatility(ATR) Period
Kv=1.00 Sensivity Factor
MoneyRisk=1.00 Offset Factor
Signal=1 Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals
Line=1 Display line mode: 0-no,1-yes
Nbars=1000;

Cheers
Igor

TrendLaboratory Chief

Attached Files

VoltyChannel_Stop_v1.mq4 (5.2 KB, 1898 views)

Hallo Igo,

looks very good!!! Thank you very much for your effort.
Good trades!

You are fantastic Igorad. Very nice indicator.

BBands_Stop_v1 indicator from Igorad. Explanation please find here.

Attached Files

BBands_Stop_v1.mq4 (5.2 KB, 715 views)

Hi,
10X for your effort for the chandelier exit (specially to mart-hart)! It is nice what you are doing here :-)