ATR Trailing Stop Chandelier Exit

• 11/20/2022 at 3:01 PM #204511
  Alex72

  Hi, thank you for sharing this.
  Can someone help me to figure out what have I to change to get the same signals like the original script in TradingView for Chandelier exit
  Settings : p=1 and mult= 2

  I always have some delay in prorealtime , when TV gives a signal, PRT give it one bar later but not always.
  I attach the TV script.
  i changed Nicola’s code to have arrows(see attachement)
  Thank you

  Nicolas ATR Trailing Stop Code

  //PRC_Another ATR trailing stop | indicator //24.09.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings p=14 //ATR period mult=2 //multiplier mode=1 //trailing stop mode (0=straight line // --- end of settings atr = AverageTrueRange[p](close) * mult once trend=1 if trend=1 then hh=max(hh,close) ll=hh if atr<atr[1] then hhlevel=hh-atr if hhlevel>ts then ts=hhlevel endif endif r=0 g=168 else ll=min(ll,close) hh=ll if atr<atr[1] then lllevel=ll+atr if lllevel<ts then ts=lllevel endif endif r=255 g=0 endif if close crosses over ts then trend=1 if mode>0 then ts=ll drawarrowup(barindex,low-atr/2) coloured("green") endif elsif close crosses under ts then trend=-1 if mode>0 then ts=hh drawarrowdown(barindex,high+atr/2) coloured("red") endif endif return // ts coloured(r,g,0) style(line,3)

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  //PRC_Another ATR trailing stop | indicator //24.09.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge   // --- settings p=14 //ATR period mult=2 //multiplier mode=1 //trailing stop mode (0=straight line // --- end of settings   atr = AverageTrueRange[p](close) * mult   once trend=1       if trend=1 then hh=max(hh,close) ll=hh if atr<atr[1] then hhlevel=hh-atr if hhlevel>ts then ts=hhlevel endif endif r=0 g=168 else ll=min(ll,close) hh=ll if atr<atr[1] then lllevel=ll+atr if lllevel<ts then ts=lllevel endif endif r=255 g=0 endif   if close crosses over ts then trend=1 if mode>0 then ts=ll drawarrowup(barindex,low-atr/2) coloured("green") endif elsif close crosses under ts then trend=-1 if mode>0 then ts=hh drawarrowdown(barindex,high+atr/2) coloured("red") endif endif     return // ts coloured(r,g,0) style(line,3)

  and here is the Tradingview Code

  //@version=4 // Copyright (c) 2019-present, Alex Orekhov (everget) // Chandelier Exit script may be freely distributed under the terms of the GPL-3.0 license. study("Chandelier Exit", shorttitle="CE", overlay=true) length = input(title="ATR Period", type=input.integer, defval=22) mult = input(title="ATR Multiplier", type=input.float, step=0.1, defval=3.0) showLabels = input(title="Show Buy/Sell Labels ?", type=input.bool, defval=true) useClose = input(title="Use Close Price for Extremums ?", type=input.bool, defval=true) highlightState = input(title="Highlight State ?", type=input.bool, defval=true) atr = mult * atr(length) longStop = (useClose ? highest(close, length) : highest(length)) - atr longStopPrev = nz(longStop[1], longStop) longStop := close[1] > longStopPrev ? max(longStop, longStopPrev) : longStop shortStop = (useClose ? lowest(close, length) : lowest(length)) + atr shortStopPrev = nz(shortStop[1], shortStop) shortStop := close[1] < shortStopPrev ? min(shortStop, shortStopPrev) : shortStop var int dir = 1 dir := close > shortStopPrev ? 1 : close < longStopPrev ? -1 : dir var color longColor = color.green var color shortColor = color.red longStopPlot = plot(dir == 1 ? longStop : na, title="Long Stop", style=plot.style_linebr, linewidth=2, color=longColor) buySignal = dir == 1 and dir[1] == -1 plotshape(buySignal ? longStop : na, title="Long Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=longColor, transp=0) plotshape(buySignal and showLabels ? longStop : na, title="Buy Label", text="Buy", location=location.absolute, style=shape.labelup, size=size.tiny, color=longColor, textcolor=color.white, transp=0) shortStopPlot = plot(dir == 1 ? na : shortStop, title="Short Stop", style=plot.style_linebr, linewidth=2, color=shortColor) sellSignal = dir == -1 and dir[1] == 1 plotshape(sellSignal ? shortStop : na, title="Short Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=shortColor, transp=0) plotshape(sellSignal and showLabels ? shortStop : na, title="Sell Label", text="Sell", location=location.absolute, style=shape.labeldown, size=size.tiny, color=shortColor, textcolor=color.white, transp=0) midPricePlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0, display=display.none, editable=false) longFillColor = highlightState ? (dir == 1 ? longColor : na) : na shortFillColor = highlightState ? (dir == -1 ? shortColor : na) : na fill(midPricePlot, longStopPlot, title="Long State Filling", color=longFillColor) fill(midPricePlot, shortStopPlot, title="Short State Filling", color=shortFillColor) changeCond = dir != dir[1] alertcondition(changeCond, title="Alert: CE Direction Change", message="Chandelier Exit has changed direction!") alertcondition(buySignal, title="Alert: CE Buy", message="Chandelier Exit Buy!") alertcondition(sellSignal, title="Alert: CE Sell", message="Chandelier Exit Sell!")

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  //@version=4 // Copyright (c) 2019-present, Alex Orekhov (everget) // Chandelier Exit script may be freely distributed under the terms of the GPL-3.0 license. study("Chandelier Exit", shorttitle="CE", overlay=true)   length = input(title="ATR Period", type=input.integer, defval=22) mult = input(title="ATR Multiplier", type=input.float, step=0.1, defval=3.0) showLabels = input(title="Show Buy/Sell Labels ?", type=input.bool, defval=true) useClose = input(title="Use Close Price for Extremums ?", type=input.bool, defval=true) highlightState = input(title="Highlight State ?", type=input.bool, defval=true)   atr = mult * atr(length)   longStop = (useClose ? highest(close, length) : highest(length)) - atr longStopPrev = nz(longStop[1], longStop) longStop := close[1] > longStopPrev ? max(longStop, longStopPrev) : longStop   shortStop = (useClose ? lowest(close, length) : lowest(length)) + atr shortStopPrev = nz(shortStop[1], shortStop) shortStop := close[1] < shortStopPrev ? min(shortStop, shortStopPrev) : shortStop   var int dir = 1 dir := close > shortStopPrev ? 1 : close < longStopPrev ? -1 : dir   var color longColor = color.green var color shortColor = color.red   longStopPlot = plot(dir == 1 ? longStop : na, title="Long Stop", style=plot.style_linebr, linewidth=2, color=longColor) buySignal = dir == 1 and dir[1] == -1 plotshape(buySignal ? longStop : na, title="Long Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=longColor, transp=0) plotshape(buySignal and showLabels ? longStop : na, title="Buy Label", text="Buy", location=location.absolute, style=shape.labelup, size=size.tiny, color=longColor, textcolor=color.white, transp=0)   shortStopPlot = plot(dir == 1 ? na : shortStop, title="Short Stop", style=plot.style_linebr, linewidth=2, color=shortColor) sellSignal = dir == -1 and dir[1] == 1 plotshape(sellSignal ? shortStop : na, title="Short Stop Start", location=location.absolute, style=shape.circle, size=size.tiny, color=shortColor, transp=0) plotshape(sellSignal and showLabels ? shortStop : na, title="Sell Label", text="Sell", location=location.absolute, style=shape.labeldown, size=size.tiny, color=shortColor, textcolor=color.white, transp=0)   midPricePlot = plot(ohlc4, title="", style=plot.style_circles, linewidth=0, display=display.none, editable=false)   longFillColor = highlightState ? (dir == 1 ? longColor : na) : na shortFillColor = highlightState ? (dir == -1 ? shortColor : na) : na fill(midPricePlot, longStopPlot, title="Long State Filling", color=longFillColor) fill(midPricePlot, shortStopPlot, title="Short State Filling", color=shortFillColor)   changeCond = dir != dir[1] alertcondition(changeCond, title="Alert: CE Direction Change", message="Chandelier Exit has changed direction!") alertcondition(buySignal, title="Alert: CE Buy", message="Chandelier Exit Buy!") alertcondition(sellSignal, title="Alert: CE Sell", message="Chandelier Exit Sell!")

  

  Alex72

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  11/21/2022 at 9:34 PM #204596
  Nicolas

  are you sure the data are the same between the 2 platforms ? It could obviously leads to different calculation and therefore different signals.

  

  Nicolas

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  11/24/2022 at 11:30 AM #204762
  Alex72

  Hi, thank you for your answer, of sure the price displayed is different between them but i think it doesnt affect the signal, no?

  

  Alex72

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  11/25/2022 at 9:00 AM #204796
  Nicolas

  Indicators are calculated with price data. If that data serie is different, how their results could be the same?! 🙄

  However in the settings of the TV indicator, I see that you can use High/Low instead of Close with “useClose” setting, is it set to true or false?

  

  Nicolas

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