Reply To: RAD Chandelier

Optuma Forums Optuma Scripting RAD Chandelier Reply To: RAD Chandelier

#62821
Darren
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Hi Evan,

If you start typing ‘chandelier’ in the script editor window a pop-up suggests using CHST for a chandelier stop function:
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I’m not sure how this differs from the RAD Chandelier, but the default settings use a 20ATR with a factor of 3, which can easily be changed.

Similar to the Parabolic Stop & Reverse PSAR() function, CHST() has a ‘state’ condition, where 1 is long (ie close is above the chandelier value) and 0 is short. So the following used in a watchlist will give a value of 1 or 0:

You can then format the column to display Long or Short by right-clicking on the column heading and selecting Custom Labels:

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