bigsfd
3 posts
msg #135735
- Ignore bigsfd |
5/3/2017 10:03:31 PM
I was trying to use a Chandelier Exit for a short position instead of long but I don't see a way to invert it (a multiple of ATR for a time period low (short position) vs a multiple of ATR for a time period high (long position)
Any suggestions? Thanks in advance!
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four
5,087 posts
msg #135736
- Ignore four
modified |
5/4/2017 1:56:38 AM
perhaps.. create your own variable
http://simpletradingideas.weebly.com/blog/use-the-chandelier-exit-to-set-your-stop-loss
The Chandelier Exit is usually calculated for 22 trading days which is a month. The calculation is as follows for an uptrend:
Chandelier Exit (long) = 22-day High - ATR(22) x 3
and
Chandelier Exit (short) = 22-day Low + ATR(22) x 3
for a downtrend.
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bigsfd
3 posts
msg #135741
- Ignore bigsfd |
5/4/2017 10:32:39 AM
you rock four! I should then be able to use statements like "crosses above ch" to alert to when the stock moves above the line right?
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four
5,087 posts
msg #135742
- Ignore four
modified |
5/4/2017 11:20:40 AM
yes... and do investigate the documentation for examples:
http://www3.stockfetcher.com/download/sfuserguide2_0.pdf
Just keep trying and practicing.
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