Smart Chandelier Exit
Adaptive trailing-stop & trend direction indicator. Plots a neon price-following stop line and filters real trend momentum via a Pearson R statistical correlation engine.
System Overview
Smart Chandelier Exit is an adaptive trailing-stop indicator engineered to track prevailing market trends while defending open position equity.
Unlike conventional ATR-based trailing tools, it computes the statistical correlation (Pearson R) between asset price and time to quantify genuine trend strength.
This mechanism actively filters out ranging market false breakouts, empowering quantitative traders to align exclusively with high-conviction momentum.
How It Works?
Neon Glow Stop Lines
Renders a ratchet-based stop line below price during uptrends (green) and above price during downtrends (red) that strictly advances in the direction of the trend.
Pearson R Momentum Engine
Evaluates structural trend quality to dynamically update line radiance (e.g., vibrant emerald for high-conviction trends, amber for consolidation phases).
Institutional Info Panel
An on-chart Bloomberg-style telemetry dashboard displaying live ATR volatility levels, stop distance in pips, and historical Fake Flip ratios.