Chandelier Exit Stock Screener

The Chandelier Exit indicator is a useful tool for traders who want to both ride the ongoing trend in a trending market as well as protect their profits with a dynamic stop-loss in a volatile market

3 minutes

This post focuses on customizable Chandelier Exit factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Displays the Chandelier Exit values

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List symbols
Add column Chandelier Exit Long(22) as CL_22_3
Add column Chandelier Exit Short(22) as CS_22_3
Add column Chandelier Exit Highlight(22) as CHL_22_3
Add column Chandelier Exit Long(20,2.5) as CL_20_2
Add column Chandelier Exit Short(20,2.5) as CS_20_2
Add column Chandelier Exit Highlight(20,2.5) as CHL_20_2
Apply to NSE

This scan computes the Chandelier Long and Short Exit for a 22-bar time period, using a default ATR factor value of 3. Additionally, it calculates the Chandelier Long and Short Exit for a 20-bar time period, with the ATR factor set to 2.5. Furthermore, it presents the Chandelier Exit Highlight values, which indicate the stop loss levels.

Chandelier Exit – Bullish

Tags: chandelier bullish, chandelier long

List symbols where Close has crossed above Chandelier Exit Highlight(22) after remaining below for 3 bars
Add Column Chandelier Exit Long(22) as StopLoss
Add Column Chandelier Exit Highlight(22) as CHL
Apply to NSE

This scan searches for specific patterns in the data. It looks for symbols where the closing price has recently crossed above the Chandelier Exit Highlight, which is calculated based on a 22-period average and a default value of 3 times the Average True Range (ATR). This crossover should occur after the closing price has stayed below the Chandelier Exit Highlight for 3 consecutive bars. The scan report will also provide the values for the Chandelier Exit Long (Stop Loss) and Chandelier Highlight.

Chandelier Exit – Bullish Failure

Tags: chandelier bullish, chandelier bullish failure, chandelier long

List symbols where Close has crossed below Chandelier Exit Highlight(22)
And Close a bar ago has crossed above Chandelier Exit Highlight(22) a bar ago

Add Column Chandelier Exit Long(22) as LongExit
Add Column Chandelier Exit Short(22) as ShortExit
Add Column Chandelier Exit Highlight(22) as CHL

Apply to NSE

This scan examines instances where the Chandelier Exit bullish signal was unsuccessful. In simpler terms, it identifies situations where the closing price crossed below the 22-period Chandelier Exit Highlight line after being above it for only 1 bar. The scan report will also include the values for Chandelier Exit Short, Chandelier Exit Long, and Chandelier Highlight.

Chandelier Exit – Bearish

Tags: chandelier bearish, chandelier short

List symbols where Close has crossed below Chandelier Exit Highlight(22) after remaining above for 3 bars
Add Column Chandelier Exit Short(22) as StopLoss
Add Column Chandelier Exit Highlight(22) as CHL
Apply to NSE

This scan identifies instances where the closing price has recently crossed below the 22-period Chandelier Exit Highlight. This occurs after the closing price had remained above it for 3 consecutive periods. The Chandelier Exit Short (Stop Loss) and Chandelier Highlight values are included in the scan report.

Chandelier Exit – Bearish Failure

Tags: chandelier bearish, chandelier bearish failure, chandelier short

List symbols where Close has crossed above Chandelier Exit Highlight(22)
And Close a bar ago has crossed below Chandelier Exit Highlight(22) a bar ago

Add Column Chandelier Exit Long(22) as LongExit
Add Column Chandelier Exit Short(22) as ShortExit
Add Column Chandelier Exit Highlight(22) as CHL

Apply to NSE

This scan identifies instances where the Chandelier Exit bearish signal failed. In other words, it looks for situations where the closing price rose above the 22-period Chandelier Exit Highlight (using a default value of 3 as the ATR factor) after being below it for only 1 bar. The scan report also includes the values for Chandelier Exit Short, Chandelier Exit Long, and Chandelier Highlight.

For comprehensive insights into the Chandelier Exit indicator, including its calculation methodology, how to use the Chandelier Exit indicator in trading, as well as an exploration of its advantages and limitations as an indicator, click here.

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