Chandelier Short Entries
Traders can employ Amibroker AFL and Amibroker Data Feeder to develop strategies for identifying short entry opportunities with the Chandelier indicator. By adapting the Chandelier for short trades, traders can effectively manage risk and capture potential profit in downtrending markets.
_SECTION_BEGIN("Chandelier Short Entries");
factor = Param("Chandelier Factor",3.0,0.0,20.0,0.1);
ATRDAYS = Param("ATR Days",22,5,50,1);
CSEN = Low-factor*ATR(ATRDAYS);
Plot( CSEN, "Short Entries("+factor+","+ATRDAYS+")", ParamColor("color", colorCycle ), ParamStyle("Style") );
_SECTION_END();