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 v5 · On the chart
Nexus Prime Engine v6 Major Only
An overlay indicator that tries to show only larger reversals through a very wide ATR trail.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code430
Settings40inputs
LicenceNone stated
Last update2 months ago23 Aug 2026
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
A main buy or sell requires a trail break with confirmation closes, a swing high or low break, minimum travel from the last flip, and a minimum pullback from the leg peak. An efficiency filter and ADX floor add further gating. An early reverse path is off by default, and signals commit on bar close.
- Wide ATR trail aimed at major moves
- Swing break and pullback requirements
- Minimum travel and flip spacing
- Efficiency and ADX filters
- Optional early reverse path
Details
Published by
vedkanani123 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Gold
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 |
|---|---|---|---|
| Auto-adapt to chart TF | bool | true | useAuto |
| ATR Length | int | 14 | atrLen |
| Base Trail x ATR | float | 3.6 | baseMult |
| Volume-weighted source | bool | true | useVolSrc |
| VW length | int | 14 | vwLen |
| Pre-smooth close EMA2 | bool | true | preSmooth |
| Widen mult in chop x | float | 1.50 | chopBoost |
| Min bars between flips | int | 12 | minBarsIn |
| Confirm closes beyond trail | int | 2 | confirmBarsIn |
| Min travel from last flip x ATR | float | 1.40 | minTravelIn |
| Min pullback from peak x ATR | float | 1.10 | minAdverseIn |
| Require swing high/low break | bool | true | useSwing |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Swing lookback bars | int | 10 | swingLenIn |
| Trail break buffer x ATR | float | 0.15 | breakBuf |
| Mega reverse x ATR (rare) | float | 2.00 | strongBrk |
| Efficiency filter | bool | true | useEff |
| Efficiency lookback | int | 10 | effLen |
| Min efficiency | float | 0.32 | effMin |
| Enable early reverse (optional) | bool | false | useEarly |
| Fast Zero-Lag length | int | 9 | fastZlLen |
| RSI Length | int | 14 | rsiLen |
| RSI overbought | int | 72 | rsiOb |
| RSI oversold | int | 28 | rsiOs |
| Early: min leg run x ATR | float | 1.60 | earlyMinRun |
| Early: min bars in trade | int | 10 | earlyMinBars |
| Early: confirm bars | int | 3 | earlyConfirm |
| ADX Length | int | 14 | adxLen |
| Chop if ADX < | float | 18.0 | adxChop |
| Require ADX floor | bool | true | useAdxMin |
| Min ADX to flip | float | 18.0 | adxMin |
| Enable HTF filter | bool | true | useHtf |
| Auto HTF | bool | true | autoHtf |
| HTF manual | timeframe | 15 | htfManual |
| HTF SuperTrend factor | float | 3.2 | htfFactor |
| HTF ATR | int | 14 | htfAtrLen |
| HTF mode | string | Soft | htfMode |
| Require HMA slope | bool | true | useHma |
| HMA length | int | 55 | hmaLenIn |
| Require DI direction | bool | true | useDi |
| Require RSI side | bool | true | useRsiG |
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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