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
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