This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v6 · On the chart
LeBeau
LeBeau is a trend-following overlay indicator based on Charles Le Beau's Chandelier Exit strategy.
GitHub stars1on the repository
Pine versionv6current
Lines of code50
Settings4inputs
LicenceNone stated
Last update1 year ago12 Aug 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
LeBeau calculates trailing stop-loss levels using the Average True Range (ATR) applied to standard price data or smoothed Heikin Ashi bars. When the price crosses above or below the ATR trailing boundary, the direction changes and plots buy or sell signals directly on the price chart. Users can customize the ATR period, multiplier, label visibility, and toggle Heikin Ashi candle calculations without changing the main chart style.
- ATR-based Chandelier Exit calculation
- Optional Heikin Ashi price source
- On-chart buy and sell signal labels
- Configurable ATR period and multiplier settings
Details
Published by
turnupdigital on GitHub
Code credit
Michael Peick, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands, Support & resistance
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.
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 | 1 | length |
| ATR Multiplier | float | 1.85 | mult |
| Sell/Buy Label Text | bool | true | showLabelText |
| Heikin Ashi for calculation | bool | true | useHeikinAshi |
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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