Chandelier Exit!!!

Chandelier Attached.

Martin

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!

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

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.

chandelier

Hi,

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

I know this an old thread but can anybody point me out to the rules on this system??

Thanks