Can anyone tell me if Tradestation has the "Chandelier stop" as an option to exit trades? If so, has anyone tried it and how well does it work from you experience? Thanks, Tom
There is probably code to import in their forum for it. As I recall, it's just a multiplier x ATR backed-up from a high (or added to a low), so you could code it into a strategy yourself anyway.
In 2004, TS forum member goose published Lebeau's version of the chandelier here: https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=32011 forum restricted to members only. It works well.