Chandelier Exit Trend [QuantAlgo]🟢 Overview
The Chandelier Exit Trend is a trend-following indicator built on a volatility-adjusted trailing stop that resets with every new trend, rather than one measured from a fixed window that can reach back into the previous move. It hangs the stop a multiple of the Average True Range from the trend's highest or lowest price, ratchets it only with the trend as new extremes form or volatility contracts, then confirms a trend change when a bar closes through it, so traders can ride trends
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