RAD Chandelier

Optuma Forums Optuma Scripting RAD Chandelier


  • This topic has 2 replies, 2 voices, and was last updated 1 month ago by AvatarEvan.
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    Is there a RAD Chandelier in Optuma or a some functions I can use to script one?


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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:

    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:


    • Topics: 6
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    • Posts: 13

    Hi Darren,

    Thanks for the info.
    The RAD Chandelier is a bit different. It’s a chandelier stop however it can be configured to transition from say a 3ATR stop to a 4ATR stop once price moves to a particular price point.  Its useful in that you can have your initial, breakeven and trailing stop configured in the one tool.
    Just thought Optuma might have something like it. Or a way to script it.

    Info here…

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