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Chandelier closed

Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.



Calculation
The original Chandelier Exit formula consists of three parts: a period high or period low, the Average True Range (ATR) and a multiplier. Using the default setting of 22-periods on a daily chart, the Chandelier Exit will look for the highest high or lowest low of the last 22 days. Note that there are 22 trading days in a month. This parameter (22) will also be used to calculate the Average True Range.

This version is extended with additional (fast) stop - in order to add shorter term entries and exits to the main trend detection and estimation and allows different periods for ATR calculation and highest high and lowest low period (look back period).

Interpretation
The Chandelier Exit is basically a volatility-based system that identifies out-sized 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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The EA trades on two indicators iMA (Moving Average, MA) and one iRSI (Relative Strength Index, RSI). Decision on trade signals is only made when a new bar appears, while positions are trailed and closed (in case of profit) at every tick. An unconventional solution was applied: The   Slow   indicator averaging period is calculated as the   Fast   averaging period multiplied by two, while the   RSI   averaging period is always equal to the   Fast   averaging period. This reduces the number of par
FREE
Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same. This version is using Standard Deviation for the price change calculation instead and is adding prices smoothing prior to be used in calculations. The smoothing can be done using one of the 4 average types: *   Simple Moving Average *   Exponential Moving Average *   Smoothed Moving Average *   Linear Weighted Moving Average Als
FREE
Volty Channel Stop
Luis Enrique Ricales
Es un indicador que no se repinta y que muestra la tendencia a corto plazo. contiene lo siguiente: Visual Mode MA Period  MA Method MA Price ATR Period Volatility Factor Offset Factor  Use Break Use Envelopes Use Alert cualquier sugerencia hagamelo saber en los comentarios y también colocar estrellas para postear más contenido, indicadores y advisor actualizadas
FREE
SSL Alerts
Luis Enrique Ricales
================         // Average period                      ma_Sma,                               // Simple moving average          ma_Ema,                               // Exponential moving average          ma_Smma,                              // Smoothed MA          ma_Lwma                               // Linear weighted MA ===============   // Average method       // Turn alerts on?       // Alert on current bar?      // Display messageas on alerts?        // Play sound on alerts?    
FREE
SAR based on MA
Luis Enrique Ricales
La idea de este indicador es la siguiente: reemplazar los precios High, Low del indicador SAR por los valores del indicador Moving Average. Al final tendremos la siguiente imagen: Es decir, el indicador SAR cambia su dirección después de tocar el indicador Moving Average. Parámetros de entrada SAR: Step   - parámetro "Step" del indicador SAR; SAR: Maximum   - parámetro "Maximum" del indicador SAR; MA: Period   - parámetro "período de promediación" del indicador MA; MA: Shift   - parámetro "d
FREE
Encrypter 1 EA
Luis Enrique Ricales
The Expert Advisor (EA) mechanics are an automated trading system that uses a grid trading strategy to operate in the foreign exchange market.   The grid strategy involves opening multiple pending orders (limit orders) in both directions (buy and sell) at certain price levels on the chart.   As the market moves, the EA hopes to reach a certain number of pips of profit and then closes the orders. Below I describe the mechanics of the EA in more detail: Lot Size and Money Management Configuration
Encrypter 2 EA
Luis Enrique Ricales
5 (2)
Get ready to take your trading to the next level with Encrypter 2 EA 1.7! Discover the latest features we have added to further improve your trading experience. Improve your results and make smarter trades with our new advanced tools. Featured Features: Powerful Analysis: Use elite technical indicators such as MACD and SAR to analyze the market accurately. Smart Decisions: Evaluate market conditions and make informed decisions based on advanced algorithms. Automatic Operations: Automatically exe
Encrypter 3 EA
Luis Enrique Ricales
Ready to give a boost to your operation in the financial market?   Our EA is the ally you need.   But before going into details, let's remember the golden rules that guide our description: Rules We Respect   : No Promises of Earnings:   First of all, we are realistic.   We do not guarantee instant profits.   Trading is a world of risks and rewards. No Exaggerations:   We do not need to resort to exaggerated superlatives to highlight the advantages of our product.   The facts speak for themselve
Encrypter 4 EA
Luis Enrique Ricales
Its focus is on advanced strategies that identify trading signals based on key indicators. Featured Features: MACD Signal Analysis   :     The EA uses the Moving Average Convergence/Divergence (MACD) indicator to identify trading opportunities.   Logic is included for MACD reversal, crossover and crossover signals. Position Management   :     Offers advanced position management features, including closing all open positions and checking the existence of positions for a specific symbol and magic
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