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Can someone please convert this indicator from tradingview to nt8


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  #1 (permalink)
 Dinoraver 
Chicago Illinois
 
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Platform: Ninjatrader
Trading: NQ futures
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Hello,

I have a chandelier exit that I love using as part of a strategy for tradingview. It plots slightly different on the tradingview indicator versus any of the nt8 versions I have found so if anyone could direct me where I could go to get the code translated I would greatly appreciate it.

Thank You

study("Chandelier Exit", shorttitle="CE", overlay=true)

length = input(title="ATR Period", type=input.integer, defval=22)
mult = input(title="ATR Multiplier", type=input.float, step=0.1, defval=3.0)
showLabels = input(title="Show Buy/Sell Labels ?", type=input.bool, defval=true)
useClose = input(title="Use Close Price for Extremums ?", type=input.bool, defval=true)
highlightState = input(title="Highlight State ?", type=input.bool, defval=true)

atr = mult * atr(length)

longStop = (useClose ? highest(close, length) : highest(length)) - atr
longStopPrev = nz(longStop[1], longStop)
longStop := close[1] > longStopPrev ? max(longStop, longStopPrev) : longStop

shortStop = (useClose ? lowest(close, length) : lowest(length)) + atr
shortStopPrev = nz(shortStop[1], shortStop)
shortStop := close[1] < shortStopPrev ? min(shortStop, shortStopPrev) : shortStop

var int dir = 1
dir := close > shortStopPrev ? 1 : close < longStopPrev ? -1 : dir

var color longColor = color.green
var color shortColor = color.red

longStopPlot = plot(dir == 1 ? longStop : na, title="Long Stop", style=plot.style_linebr, linewidth=2, color=longColor)
buySignal = dir == 1 and dir[1] == -1
plotshape(buySignal ? longStop : na, title="Long Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=longColor, transp=0)
plotshape(buySignal and showLabels ? longStop : na, title="Buy Label", text="Buy", location=location.absolute, style=shape.labelup, size=size.tiny, color=longColor, textcolor=color.white, transp=0)

shortStopPlot = plot(dir == 1 ? na : shortStop, title="Short Stop", style=plot.style_linebr, linewidth=2, color=shortColor)
sellSignal = dir == -1 and dir[1] == 1
plotshape(sellSignal ? shortStop : na, title="Short Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=shortColor, transp=0)
plotshape(sellSignal and showLabels ? shortStop : na, title="Sell Label", text="Sell", location=location.absolute, style=shape.labeldown, size=size.tiny, color=shortColor, textcolor=color.white, transp=0)

midPricePlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0, display=display.none, editable=false)

longFillColor = highlightState ? (dir == 1 ? longColor : na) : na
shortFillColor = highlightState ? (dir == -1 ? shortColor : na) : na
fill(midPricePlot, longStopPlot, title="Long State Filling", color=longFillColor)
fill(midPricePlot, shortStopPlot, title="Short State Filling", color=shortFillColor)

changeCond = dir != dir[1]
alertcondition(changeCond, title="Alert: CE Direction Change", message="Chandelier Exit has changed direction!")
alertcondition(buySignal, title="Alert: CE Buy", message="Chandelier Exit Buy!")
alertcondition(sellSignal, title="Alert: CE Sell", message="Chandelier Exit Sell!")


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  #2 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
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The Chandelier Stop can be calculated in different ways:

- Donchian anchor (highest high since N bars) versus highest high since in position
- Calculation from highest high / lowest low (standard) versus calculation from highest close / lowest close
- Calculation as trailing stop (no widening of stop allowed when volatility increases) versus stop that may widen
- Design to revert intra-bar when touched (such as a hard stop) or to revert based on the close

Best you post a simple 5-min or 15-min chart of ES 06-22 or NQ 06-22 with the Chandelier Stop applied.

That way it is possible to find out which version you are looking for.


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  #3 (permalink)
 
Anagami's Avatar
 Anagami 
Bangkok, Thailand
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Fat Tails View Post
The Chandelier Stop can be calculated in different ways:

- Donchian anchor (highest high since N bars) versus highest high since in position
- Calculation from highest high / lowest low (standard) versus calculation from highest close / lowest close
- Calculation as trailing stop (no widening of stop allowed when volatility increases) versus stop that may widen
- Design to revert intra-bar when touched (such as a hard stop) or to revert based on the close

Best you post a simple 5-min or 15-min chart of ES 06-22 or NQ 06-22 with the Chandelier Stop applied.

That way it is possible to find out which version you are looking for.

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Last Updated on May 16, 2022


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