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technical_indicators:chandelier_exit [2021/05/19 16:48] betseyp |
technical_indicators:chandelier_exit [2022/06/15 23:36] betseyp [Using with SharpCharts] |
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| {{:technical_indicators:chandelier_exit:chand-00-excelsheet3.png|Chandelier - Chart 1}} | {{:technical_indicators:chandelier_exit:chand-00-excelsheet3.png|Chandelier - Chart 1}} | ||
| - | ===== Interpretating Chandelier Exits ===== | + | **Learn More:** [[:technical_indicators:average_true_range_atr|Average True Range (ATR)]] |
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| + | ===== Interpreting Chandelier Exits ===== | ||
| The Chandelier Exit is basically a volatility-based system that identifies outsized price movements. Le Beau defined volatility by using the Average True Range, which was developed by Welles Wilder, creator of RSI and the Average Directional Index. ATR uses the prior close, current high and current low to determine the "True Range" for a given period. After some smoothing, the daily True Range values evolve into the Average True Range for a given period of time. | The Chandelier Exit is basically a volatility-based system that identifies outsized price movements. Le Beau defined volatility by using the Average True Range, which was developed by Welles Wilder, creator of RSI and the Average Directional Index. ATR uses the prior close, current high and current low to determine the "True Range" for a given period. After some smoothing, the daily True Range values evolve into the Average True Range for a given period of time. | ||
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| - | ===== Charting with the Chandelier Exit Overlay ===== | + | ===== Charting with Chandelier Exits ===== |
| The Chandelier Exit overlay can be added to SharpCharts and ACP charts. | The Chandelier Exit overlay can be added to SharpCharts and ACP charts. | ||
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| {{:technical_indicators:chandelier_exit:chand-05-shch.png|Chandelier - Chart 5}} | {{:technical_indicators:chandelier_exit:chand-05-shch.png|Chandelier - Chart 5}} | ||
| - | For more details on the parameters used fo configure Chandelier Exit overlays, please see our [[https://support.stockcharts.com/doku.php?id=sharpcharts:reference#chandelier_exit|SharpCharts Parameter Reference]] in the Support Center. | + | For more details on the parameters used to configure Chandelier Exit overlays, please see our [[https://support.stockcharts.com/doku.php?id=sharpcharts:reference#chandelier_exit|SharpCharts Parameter Reference]] in the Support Center. |
| ==== Using with StockChartsACP ==== | ==== Using with StockChartsACP ==== | ||