Chandlier Exit

📌 What is the Chandelier Exit Indicator?

The Chandelier Exit is a volatility-based trailing stop indicator created by Chuck LeBeau.

It is designed to keep traders in a trend as long as possible while giving an exit signal when price moves significantly against the trend.

It is called "Chandelier" because it “hangs down” from the ceiling (price highs) for shorts or “hangs up” from the floor (price lows) for longs — like a chandelier hanging in a room.