Chandelier Exit Oscillator

Chandelier Exit Oscillator re-expresses the classic chandelier stop as an oscillator, measuring where price stands relative to trailing stop levels set at a chosen Average True Range multiple. Trend strength, fading momentum, and brewing reversals that can be hard to judge from a trailing line on price become plain oscillator geometry, and an optional overlay restores the actual stop levels to the chart whenever you want them.

How to Trade the Chandelier Exit Oscillator?

• Direction and baseline distance: an oscillator holding away from its baseline signals a trend with room; stalling or turning warns the move is weakening.
• Normalized extremes: in Normalized mode readings are smoothed and scaled 0–100, making overextension comparable across assets and timeframes.
• Overlay levels: the on-chart stops double as exit or trailing-stop references for longs and shorts.
• Trend-colored bars: bar coloring by prevailing direction gives an instant read while managing a position.

The Timeframe input is the quiet standout: calculate the oscillator on a higher timeframe and you can time lower-timeframe exits without ever leaving your execution chart.

Chandelier Exit Oscillator Settings

• Timeframe: timeframe used for the chandelier calculation, the multi-timeframe lever.
• ATR Length: bars in the Average True Range behind the stops.
• ATR Multiplier: stop distance; higher values trail conservatively, lower values hug price.
• Oscillator Type: Regular for raw values, Normalized for the smoothed 0–100 presentation.
• Oscillator Smoothing: extra noise reduction on the oscillator line.
• Overlay Toggle / Trend-Based Bar Colors: show stop levels on price and color bars by trend.

Frequently Asked Questions

Regular or Normalized: which mode should I run?

How does this differ from the original Chandelier Exit?

What does access to the Chandelier Exit Oscillator cost?