What is chandelier exit indicator?

Chandelier Exit is a volatility based indicator created to enable a trader to stay in a trade until there is a definite trend reversal. As explained below, a trader will be able to avoid early exit and realize maximum returns in pips by using the Chandelier Exit indicator. Recommended Brokers for Chandelier Exit Indicator.

How do chandelier exits work?

However, experienced traders have the freedom to choose different settings depending on their risk tolerance and trading style. Chandelier Exits show two lines – the chandelier exit long and the chandelier exit short. The exit long is used to close long positions whereas the exit short is used to close short positions.

What is chandelier exit (CE)?

Chandelier Exit (CE) is a volatility-based indicator that identifies stop loss exit points for long and short trading positions. Chuck Le Beau, a recognized expert in exit strategies, developed the CE indicator. However, Alexander Elder introduced the strategy to traders through his book “Come into My Trading Room,” which was published in 2002.