Seekho roj kamao V6 Strategy

This strategy is based on the Chandelier Exit indicator, a volatility-based trailing stop developed by Chuck LeBeau. It uses the Average True Range (ATR) to dynamically determine stop levels for both long and short positions. The strategy aims to capture trends by entering trades when the Chandelier Exit signal changes direction.

📌 How It Works:
Long Entry: A buy signal is generated when price breaks above the Chandelier short stop, indicating a potential upward trend. The strategy enters a long position at this point.

Short Entry: A sell signal is generated when price falls below the Chandelier long stop, suggesting a downtrend. The strategy enters a short position here.

Exit Conditions:

Long positions are closed when a short signal appears.

Short positions are closed when a buy signal appears.

⚙️ Key Parameters:
ATR Period: Defines how many bars are used to calculate volatility.

ATR Multiplier: Adjusts the sensitivity of the stop levels.

Use Close for Extremes: Determines whether the highest/lowest close is used instead of highs/lows for calculating stops.

Bar Confirmation: Waits for the bar to close before confirming a signal.

This strategy works best in trending markets and may produce whipsaws in sideways or choppy conditions. It can be used standalone or in combination with other filters like volume, moving averages, or higher time frame confirmation.