MT4-AlgoKing Chandelier Exit Indicator

AlgoKing Chandelier Exit Indicator (MT4)

The Chandelier Exit Indicator is a volatility based indicator that maximizes returns using the Average True Range (ATR) value and the highest high or lowest low of a period.

Benefits

• Should be used as a trailing stop.
• Helps you exit a position when you have a respectable profit.
• Identifies a high probability of a trend reversal when the price moves against the prevailing trend by a distance equal to 3x the average volatility.
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