Chandelier Exit

This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.

This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).

In short, this is a trailing stop-loss based on the Average True Range (ATR).

הערות שחרור:

• Added Buy/Sell alerts
  
• Added Buy/Sell labels
  

הערות שחרור:

• Fix erratum
  

הערות שחרור:

• Updated to v4
  

הערות שחרור:

• Added long/short state highlighting
  

הערות שחרור:

• Update
  

הערות שחרור:

• Upgraded to PineScript V5
  
• Added option to wait for bar confirmation before triggering an alert