Chandelier Exit (trend + trailing stop)
Chuck LeBeau's Chandelier Exit hangs a stop a multiple of ATR below the highest high (longs) or above the lowest low (shorts) of the lookback. The stop only ratchets in the trade's favour. When price closes through it, the direction flips and the opposite stop takes over.
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How to use it
Use the line as a trailing stop for existing trades, or the flips as trend signals (green line under price = long bias, red over price = short bias). 22 bars x 3 ATR are LeBeau's defaults (one trading month); on 15m crypto, 2.5 ATR keeps stops closer without excessive flips. Concept: Chuck LeBeau & David Lucas, "Technical Traders Guide to Computer Analysis of the Futures Markets" (1992); popularised by A. Elder.
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Back-tests and forward tests are simulations; past results do not predict future ones. Nothing here is financial advice. Trading carries a high risk of loss.