indicator · on price · open source

Chandelier Exit

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

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About

Chandelier Exit plots a trailing stop anchored at the rolling high/low adjusted for ATR — originally designed to let winners run.

Long stop = rolling high minus mult × ATR; flip when price closes below the prior stop.
Combine with a trend filter (above/below a slow MA) for the classic swing entry.

Source code

//@version=5
indicator("Chandelier Exit", overlay=true)
len = input.int(22, "Lookback", minval=2, maxval=200)
mult = input.float(3, "ATR multiplier", minval=0.5, maxval=10, step=0.1)
atrVal = ta.atr(len)
hi = ta.highest(high, len)
lo = ta.lowest(low, len)
highExit = hi - atrVal * mult
lowExit = lo + atrVal * mult
ch = close > (na(highExit[1]) ? close : highExit[1]) ? highExit : lowExit
p_Chandelier = plot(ch, "Chandelier", color=color.orange, linewidth=2)
alertcondition(close > ch and close[1] <= ch[1], "Long flip", "Chandelier Exit flipped long")
alertcondition(close < ch and close[1] >= ch[1], "Short flip", "Chandelier Exit flipped short")

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