Chandelier Exit Indicator for MT5 Download - Free [TradingFinder]

On July 20, 2025, in version 2, the indicator added alerts/notifications and signals functionality

Setting the stop loss at the correct level for each trading position is very important for traders. The MT5 Level Setting Indicator is an indicator in MetaTrader 5 that works by calculating the Average True Range (ATR) and marking potential area stop loss positions on the chart.

The areas marked by the indicator are dynamic and automatically adjust based on whether the trend is bullish or bearish.

Automatic Fibonacci Indicator Specification Sheet

The table presents the main and key specifications of this indicator:

Chandelier Exit Indicator Overview

Traders can customize the ATR multiplier to adapt this MT5 trading aid indicator to various strategies. Chandelier Exit paints stops below the price in blue during an uptrend and red in a downtrend.

The stop loss lines drawn by this indicator are dynamic, they adjust as the price changes and new trends form.

Uptrend Conditions

According to the Ethereum (ETH) 4-hour price chart, the Chandelier Exit indicator plots dynamic stop loss just below the price.

Stop loss lines adjust based on price movements and fluctuations. As the price rises, the stop loss rises accordingly.

downtrend conditions

Based on the 1-hour price chart of the EUR/USD currency pair, the Chandelier exit indicator draws the dynamic stop loss right above the price.

Stop loss lines adjust based on price movements and fluctuations. As the price falls, the stop loss will also move downward .

Indicator Settings

The image below belongs to the settings section of the Chandelier Exit indicator:

• Period: Calculate the exit level based on 22 candles;
• Chandelier first multiplier: The first multiplier is set to 3.0;
• Chandelier Second Multiplier: The second multiplier is set to 4.5;
• Look-back period: The look-back period is set to 22;
• Theme: Indicator Theme.

Conclusion

The Chandelier exit indicator is designed to help traders manage risk and capital. By using this trading tool , traders can preserve their funds and avoid exiting trades prematurely.