New edge proposed: chandelier_exit_breakout — E8 Intelligence Research

{ "name": "chandelier_exit_breakout", "source": "Chuck LeBeau, Chandelier Exit / well-known volatility-based trailing stop", "type": "entry_engine", "rule": "Go long when price closes above the highest high of the prior 22 bars minus 300d7ATR(22), and go short when price closes below the lowest low of the prior 22 bars plus 300d7ATR(22), using 22-bar ATR on the current timeframe.", "pseudocode": "if close > highest(high, 22)[1] - 3*atr(22)[1] then entry=long; if close < lowest(low, 22)[1] + 3*atr(22)[1] then entry=short; exit when price crosses the chandelier stop line on opposite side;", "why_it_works": "It captures breakouts from volatility-scaled congestion zones, filtering noise with ATR so false moves are less likely to trigger entries." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com