# Chandelier Exit Chandelier Exit: a trailing stop hung from the highest high or lowest low of recent bars, a multiple of ATR away, that flips with the trend. ## How to read it - The long stop sits under price in an uptrend, the short stop above it in a downtrend. - The stop only moves in the trade's favour. - A close through the opposite stop flips the trend and is marked. ## Key settings - ATR period 22, multiplier 3. - Use close extremes off (highest high / lowest low); flip marks on. ## Good to know - Drawn on the price pane, over the candles.