Chandalier stop

[trader777]

I am wondering if anyone knows if Chuck Lebeau's Chandalier stop has been coded in EFS? I have just switched from TradeStation and have coded it in EL, but haven't learned EFS yet and was hoping not to reinvent the wheel if it already exists in the public domain.

Thanks for any info you might have.

[ckryza]

I put together what I believe is a correct implementation of the Chandelier Exit and placed it in the File Share area.

Link:

http://share.esignal.com/groupconten...r=&groupid=114

The Chandelier script is in the Miscellaneous folder.

Chris

[gekko71]

Hi folks,

I was looking at the Chandelier exit formula as was given by C. LeBeau and it occured to me that he - when in a long trade for instance - subtracts the ATR value times the coefficient from the highest high over the look back period.

I'm not sure this is what's happening in Kryza's formula. He seems to be subtracting the ATR X coeff from the high and then finding the highest value in the collection.

Any thoughts?

Thanks