This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v6 · On the chart
ATR Exit Indicator
Plots ATR-based trailing exit levels on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code57
Settings5inputs
LicenceNone stated
Last update1 year ago23 Sep 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
ATR Exit Indicator tracks the highest and lowest close over a lookback window, 200 bars by default, and sets a long exit level at three ATR below the high and a short exit level at three ATR above the low. Labels and alerts appear when the close crosses a level. Each side triggers once only, so later crossings are not marked. Longs and shorts can be tracked separately.
- Highest and lowest close tracking
- ATR multiple exit levels for longs and shorts
- Exit labels and alert conditions
- Adjustable ATR length, multiple and lookback
Details
Published by
Shifrozy on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Length | int | 14 | atrLength |
| ATR Multiple | float | 3.0 | atrMult |
| Lookback Bars for High/Low | int | 200 | lookback |
| Track Long Exits | bool | true | trackLongs |
| Track Short Exits | bool | true | trackShorts |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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