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Chandelier Exit Functions for Amibroker (AFL)
kaiji
about 15 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker, function

These are two functions that can be used to calculate the chandelier exit. This AFL is only the functions and does not plot anything.

By Geoff Mulhall

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function ChandelierCl(AtrARRAY, AtrMult) {
    // Skip empty values
    i = 0;
    do {
        result[i] = Null;
        i++;
    }
    while( i < BarCount AND (IsNull(O[i]) OR IsNull(H[i]) OR IsNull(L[i]) OR IsNull(C[i]) ) );
    First = i;
 
if (i < BarCount - 1) {
    HHC[First]    = C[First];
    LLC[First]    = C[First];
 
    if (C[First + 1] > HHC[First]) {
        HHC[First + 1] = C[First + 1];
        LLC[First + 1] = LLC[First];
        result[First] = C[First] - AtrMult * AtrARRAY[First];
        iTrade = "LT";
    }
    else {
        if (C[First + 1] < LLC[First]) {
            HHC[First = 1] = HHC[First];
            LLC[First + 1] = LLC[First + 1];
            result[First] = C[First] + AtrMult * AtrARRAY[First];
            iTrade = "ST";
        }
        else {
            HHC[First + 1] = C[First + 1];
            LLC[First + 1] = C[First + 1];
            result[First] = C[First] - AtrMult * AtrARRAY[First];
            iTrade = "LT";
        }
    }
 
    for( i = First; i < BarCount; i++ ) {
        if (iTrade == "LT") {
            if (C[i] >= result[i-1]) {        // Long Trade is continuing
                if (C[i] > C[i-1]) {
                    HHC[i] = C[i];
                }
                else {
                    HHC[i] = HHC[i-1];
                }
                result[i] = HHC[i] - AtrMult * AtrARRAY[i];
                if (result[i] < result[i-1]) {
                    result[i] = result[i-1];
                }
            }
            else {                            // Long trade Exit triggered
                iTrade = "ST";
                LLC[i] = C[i];
                result[i] = C[i] + AtrMult * AtrARRAY[i];
            }
        }
        else {                               // Short trade
            if (C[i] <= result[i-1]) {
                if (C[i] <= C[i-1]) {        // Short Trade is continuing
                    LLC[i] = C[i];
                }
                else {
                    LLC[i] = LLC[i-1];
                }
                result[i] = LLC[i] + AtrMult * AtrARRAY[i];
                if (result[i] > result[i-1]) {
                    result[i] = result[i-1];
                }
            }
            else {                           //Short Trade Exit is triggered
                iTrade = "LT";
                HHC[i]  = C[i];
                result[i] = C[i] - AtrMult * AtrARRAY[i];
            }
        }
    }
}
return result;
}
 
function ChandelierHL(AtrARRAY, AtrMult) {
    // Skip empty values
    i = 0;
    do {
        result[i] = Null;
        i++;
    }
    while( i < BarCount AND (IsNull(O[i]) OR IsNull(H[i]) OR IsNull(L[i]) OR IsNull(C[i]) ) );
    First = i;
 
if (i < BarCount - 1) {
    HHC[First]    = H[First];
    LLC[First]    = L[First];
 
    if (H[First + 1] > HHC[First]) {
        HHC[First + 1] = H[First + 1];
        LLC[First + 1] = LLC[First];
        result[First] = H[First] - AtrMult * AtrARRAY[First];
        iTrade = "LT";
    }
    else {
        if (L[First + 1] < LLC[First]) {
            HHC[First = 1] = HHC[First];
            LLC[First + 1] = LLC[First + 1];
            result[First] = L[First] + AtrMult * AtrARRAY[First];
            iTrade = "ST";
        }
        else {
            HHC[First + 1] = C[First + 1];
            LLC[First + 1] = C[First + 1];
            result[First] = H[First] - AtrMult * AtrARRAY[First];
            iTrade = "LT";
        }
    }
 
    for( i = First; i < BarCount; i++ ) {
        if (iTrade == "LT") {
            if (C[i] >= result[i-1]) {        // Long Trade is continuing
                if (H[i] > H[i-1]) {
                    HHC[i] = H[i];
                }
                else {
                    HHC[i] = HHC[i-1];
                }
                result[i] = HHC[i] - AtrMult * AtrARRAY[i];
                if (result[i] < result[i-1]) {
                    result[i] = result[i-1];
                }
            }
            else {                            // Long trade Exit triggered
                iTrade = "ST";
                LLC[i] = L[i];
                result[i] = L[i] + AtrMult * AtrARRAY[i];
            }
        }
        else {                               // Short trade
            if (C[i] <= result[i-1]) {
                if (L[i] <= L[i-1]) {        // Short Trade is continuing
                    LLC[i] = L[i];
                }
                else {
                    LLC[i] = LLC[i-1];
                }
                result[i] = LLC[i] + AtrMult * AtrARRAY[i];
                if (result[i] > result[i-1]) {
                    result[i] = result[i-1];
                }
            }
            else {                           //Short Trade Exit is triggered
                iTrade = "LT";
                HHC[i]  = H[i];
                result[i] = H[i] - AtrMult * AtrARRAY[i];
            }
        }
    }
}
return result;
}

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