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Chandelier Exit and ATR trailing stops

Intermediate·8 min read·Premium lesson

The hardest part of trading is often the exit. The Chandelier Exit hangs a stop 3 ATRs below the highest close of the last 22 candles (for longs), like a chandelier hanging from the ceiling. As price rises, the stop rises with it. It never moves down.

The full lesson covers trailing rules, the buy and sell flips, and how it compares to Supertrend.

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