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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Our other trading tools
- Check out our amazing Lightning Bolt Strategy: https://www.mql5.com/en/market/product/83917
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