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gbChandelierStop
gbChandelierStop, Ver 1.0, TraderGB, March 24, 2021
Descriiption
:
Chuck LeBeau's Chandelier Stop with three modifications:
1)
Drift not allowed:
* The upward chandelier stop line is not allowed to drift downward, it either stays flat or rises.
* The downward chandelier stop line is not allowed to drift upward, it either stays flat or falls.
2)
Trend change:
* Two consecutive closes below an upward stop line are required to change trend from up to down.
* Two consecutive closes above an downward stop line are required to change trend from down to up.
3)
There's an option to use a fixed number of ticks instead of a multiple of ATR.
* Use Ticks instead of ATR
* Number of Ticks
Category
NinjaTrader 8 Indicators and More
Details:
gbChandelierStop
Category:
NinjaTrader 8 Indicators and More
March 25th, 2021
Size: 7.17 KB
Downloaded: 634 times
2347
TraderGB
Comments/ratings
VictorK
April 1st, 2021 01:08 PM
No Comment
dmr1
April 1st, 2021 04:32 PM
Thank you!
topdogtony
April 7th, 2021 09:32 AM
Thank you!
bolitrader08
April 9th, 2021 12:24 PM
Nice! Thanks!
PeteZ from MD
April 21st, 2021 05:55 PM
Thanks, lOOks very Interesting. Great Idea.
renvik
April 22nd, 2021 06:12 PM
Awesome!
Shivaya
June 25th, 2021 03:15 AM
Like the 2 closes
Rich Willoughby
November 9th, 2021 09:58 PM
Good one especially for intraday trend trades.
Rich Willoughby
November 9th, 2021 09:58 PM
Good one especially for intraday trend trades.
dammy007
July 15th, 2022 07:07 PM
Thanks 🙏
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