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Chandelier Stop - ATR

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[2021-06-14 19:57:53] #1 [Go To First Post]
Chadly - Posts: 65
Good Afternoon! Love SC, thank you! Are you all planning to do a Chandelier Stop study that includes ATR settings? Example would be they decide ATR settings, as usual, as they do now. Then they type in or select how many ATR x the SL or TP would be. It draws that line and even you can display that number on the right as you would any other value in a study. Would make for a very quick spot on what your SL should be or TP should be etc. Thanks guys!

[2021-06-14 20:52:35] #2 [Go To First Post]
John - SC Support - Posts: 31362
If it is just a horizontal line, then it can be easily created from the ATR study using the Arithmetic Studies. Refer to the following: Using the Basic Arithmetic Studies You can then also use the Trade Management by Study to place your Target/Stop at that level. Refer to the following: Attached Orders: Study Controlled Targets and Stops For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2021-06-15 17:00:56] #3 [Go To First Post]
Chadly - Posts: 65
Thank you, but it's more like a dynamic line that follows a setting. Typically people will use the ATR as the setting. So the user would be able to put in 2x ATR for stop and 3x ATR for TP for example. The attached example only has the stop, but why not put the TP also? The user can then set the ATR settings such as SC already has for Exponential or Simple. Then they can select how many bars like SC already has. Then they would select the setting for the Stop line at 2xATR and the TP line at 3xATR Would Be Chandelier ATR stop/TP line.


chandelier stop.png / V - Attached On 2021-06-15 16:46:10 UTC - Size: 50.53 KB - 381 views Attachment Deleted.

[2021-06-15 19:52:54] #4 [Go To First Post]
John - SC Support - Posts: 31362
You can do what you are suggesting using the information we mentioned in the previous post. Use the Arithmetic studies based on the ATR study and then use the Trade Management by Study to set the Stop or Target to the particular level desired. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2023-11-10 12:21:42] #5 [Go To First Post]
4LifeNeo - Posts: 36
I know it's over a 2-year-old's post - I just got here while looking for different ATR stops for ideas. Looking at the picture on post #3, maybe "Kiwi's Trailing Stop" is what you're looking for. Kiwi's Trailing Stop

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