Chandelier Flip Radar: Free TradingView Strategy (Pine Script)

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 strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

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

A flip needs a minimum candle body. The multiplier can stay fixed or adapt using a simple method or a K-means style selection. Trades use ATR stop loss and take profit, with optional trailing stop and break-even, plus flip labels and bar coloring.

ATR chandelier trailing line
Five-level trend state with warning zones
Optional K-means adaptive multiplier
ATR stop, target, trailing and break-even
Flip labels and bar coloring

Details

Published by

raybird on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

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

strategies/tn_chandelier_flip_radar_v6.pine

Repository

github.com/raybird/pine-trading-strategies. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
ATR Period	`int`	`30`	`atrLen`
ATR Multiplier	`float`	`4.5`	`atrMult`
Use Close for Extremums	`bool`	`true`	`useClose`
Adaptive Multiplier	`string`	`Off`	`adaptMode`
AI Factor Range (+-)	`float`	`0.5`	`aiRange`
AI Factor Step	`float`	`0.5`	`aiStep`
AI Performance Memory	`float`	`10`	`perfAlpha`
AI Cluster	`string`	`Best`	`aiCluster`
Min Body for Flip (ATRx)	`float`	`0.80`	`bodyFilter`
Danger Zone (ATRx)	`float`	`0.35`	`dangerDist`
Warning Zone (ATRx)	`float`	`0.75`	`warnDist`
Stop Loss (ATR)	`float`	`1.5`	`slMult`

Show all 25 settings

Setting	Type	Default	Variable
Take Profit (ATR)	`float`	`3.0`	`tpMult`
Trailing Stop	`bool`	`true`	`useTrail`
Trail ATR Mult	`float`	`0.4`	`trailMult`
Breakeven	`bool`	`true`	`useBE`
BE Trigger ATR	`float`	`0.8`	`beAtrMult`
Show Flip Labels	`bool`	`true`	`showLabels`
Show Traps	`bool`	`true`	`showTraps`
Color Bars by State	`bool`	`true`	`colorBars`
Bullish	`color`	`#26a69a`	`bullCol`
Bearish	`color`	`#ef5350`	`bearCol`
Warning	`color`	`#ffd600`	`warnCol`
Danger	`color`	`#ff6f00`	`dangerCol`
Trailing Stop	`bool`	`true`	`useTrail`

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.

Similar Pine Scripts

Bollinger bands + Aroon [Alorse]

by Alorse

330

This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi

Strategy v5 Mean reversionVolatility & bands

Updated 2 months ago · None stated

ES - Futures 1M No Repaint

by dearvn

257

This overlay strategy targets one-minute ES futures and plots volume-weighted moving-average bands from the open, scaled by a standard-deviation multiple, plus a slower band from ten-minute opens. A higher-timeframe exponential moving average can filter trades

Strategy v6 Moving averagesVolatility & bands

Updated 7 weeks ago · None stated

Nasdaq Prop Firm Strategy

by TradersPost

228

This strategy uses multiple VWAP anchors and a custom Lull indicator to generate buy and sell signals on the Nasdaq price chart. It plots the VWAP trend line and three VWAP anchors with customizable colors and mitigation methods. The Lull indicator produces si

Strategy v6 TrendSupport & resistance Repaints

Updated 3 months ago · None stated

STRG-BBForce

by harryguiacorn

220

STRG-BBForce is a Bollinger Bands trend-following strategy. It calculates standard Bollinger Bands and tracks directional alignment across the upper, lower, and basis lines. When all three lines slope upward, it opens a long position and closes short positions

Strategy v5 TrendVolatility & bands

Updated 1 year ago · None stated

Machine Learning: Perceptron-Based Strategy [5] (v.3)

by capissimo

114

This strategy implements a single-layer perceptron machine learning model built from scratch to generate trading signals directly on the price chart. It calculates predictions based on sample size, threshold settings, and optional volatility or volume filters.

Strategy v5 AI / machine learningTrend

Updated 1 year ago · None stated

2Tier Ichimoku Pyramiding [Takazudo]

by hasnocool

106

This overlay strategy plots a two-timeframe Ichimoku setup on the price chart, with Tenkan, Kijun, Chikou, and Kumo from a base higher timeframe and an optional highest-timeframe cloud. It allows two entries in the same direction and uses ATR-based trailing st

Strategy v4 TrendVolatility & bands

Updated 2 years ago · GPL-3.0

More Trend scripts

Chandelier Flip Radar