Chandelier Exit

The Chandelier Exit is a volatility-based trailing stop that keeps you in a trend while volatility allows and flags the exit the moment price closes through the stop. This is the most polished Chandelier Exit on the platform — the classic ATR logic wrapped in a fully GPU-rendered visual layer: a glowing trailing-stop line, a gradient trend ribbon, clean Buy/Sell badges, optional trend bar coloring, and a live status panel. Free, and built to read like a premium tool. This indicator is designed and built for NinjaTrader 8.

Key Features:

• ATR-Based Trailing Stop: Each bar builds a long stop at the highest high (or close) minus ATR × Multiplier and a short stop at the lowest low (or close) plus the same band. Every stop only ratchets in the trend direction and never loosens, with sensible defaults (ATR Period 22, Multiplier 3).

• Automatic Regime Flips: A close above the short stop turns the trend long; a close below the long stop turns it short. The active stop always reflects the current regime, giving you a clean, rule-based way to ride trends and manage exits.

• Gradient Trend Ribbon: A faded gradient fill between the stop and price makes the prevailing regime obvious at a glance, with adjustable opacity — or switch to a lighter static fill to save resources.

• Glowing Stepped Stop Line: A soft glow under a crisp, stepped trailing-stop line delivers a premium, easy-to-follow exit level, with adjustable line width.

• Buy/Sell Badges: Rounded badges print the exact trigger price at every flip, marking each regime change directly on the chart.

• Trend Bar Coloring & Status Panel: Optionally recolor price bars by regime and display a corner readout of direction, current stop, and distance to the stop in both ticks and ATRs.

• Re-entry Markers: Optionally highlight in-trend pullbacks that tag the stop area but hold — a trend-continuation re-entry idea, with an adjustable ATR distance threshold.

• Configurable Alerts: Fire Buy and Sell alerts on each flip, with optional bar confirmation, alert priority, custom sound, and color.

• Strategy Builder Ready: Exposes the trailing stops, flip prices, trend direction (+1 long / -1 short), and re-entry values as plots for use in NinjaScript and the Strategy Builder.

• Fully Customizable Style: Set your own long/short line colors, ribbon fill colors, badge text color, and the “Use Close Price for Extremums” option for smoother, wick-free stops.

Whether you use it as a standalone trailing stop, a visual regime filter, or an automation input, the Chandelier Exit brings clarity and discipline to trade management. Add it to your NinjaTrader 8 charts to protect open profits, ride trends with confidence, and read market direction at a glance — completely free.