New edge proposed: chandelier_exit_swing_management — E8 Intelligence Research

{ "name": "chandelier_exit_swing_management", "source": "Alexander Elder (Trading for a Living) / Welles Wilder", "type": "filter_flag", "rule": "For any open long position, set exit stop at highest high since entry minus 3.0 * ATR(22); exit if low <= that stop; for shorts mirror with lowest low plus 3.0 * ATR(22).", "pseudocode": "if position long: hh = highest(high since entry) stop = hh - 3.0 * atr(22) exit if low <= stop position short: ll = lowest(low since entry) stop = ll + 3.0 * atr(22) exit if high >= stop", "why_it_works": "Trails a volatility-adjusted stop behind the most extreme price since entry, locking in profits while letting winners run until a statistically rare adverse move occurs." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com