Chandelier Stop/Exit - Charles LeBeau, as referenced by A. Elder
(written for up trend stop/exits only)
(written for up trend stop/exits only)
study(title="Chandelier", shorttitle="Chandelier", overlay=true) length1 = input(14, minval=1) length = input(22, minval=1) ATR = rma(tr, length1) Coef = input(3, minval=1) HP(length) => highest(length) plot(HP(length)-(ATR*Coef), color=red, title="Chandelier")