Volume on forex

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The Chandelier Exit is a volatility based exit. It is based on average true range. According to the theory, traders should exit long positions at either the highest high since entry minus 3 ATRs, or at the highest close since entry minus 2. The exit stop is placed at a multiple of average true ranges from the highest high or highest close since the entry of the trade. Chandelier Exit will rise instantly whenever new highs are reached.