New edge proposed: chandelier_exit_volatility_trail — E8 Intelligence Research

{ "name": "chandelier_exit_volatility_trail", "source": "Alexander Elder / Chuck LeBeau - Chandelier Exit", "type": "entry_engine", "rule": "Go long when price closes above the highest high of the last 22 bars minus 3.0 * ATR(22), and the prior bar closed below that same exit line, with ATR computed on the same timeframe; go short on the symmetric mirror.", "pseudocode": "if bar_index == 0: setup arrays\natr = ATR(22)\nexit_long = highest(high, 22) - 3.0 * atr\nexit_short = lowest(low, 22) + 3.0 * atr\nlong_entry = close > exit_long and close[1] <= exit_long[1]\nshort_entry = close < exit_short and close[1] >= exit_short[1]\nif long_entry: signal = 1\nelif short_entry: signal = -1", "why_it_works": "Captures trend resumptions after a volatility\u2011based pullback, avoiding chop by adapting the stop to current market noise." }

Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com