Chandelier exit calculator: trailing stop from the highest high

The Chandelier Exit hangs a multiple of ATR below the highest high of a lookback window, commonly 3× ATR below the 22-day high. Enter the high, ATR and multiple to get the trailing stop level.

Formula

Chandelier stop = Highest high (lookback) − (ATR × Multiple).

What you need

Highest high of the lookback window (commonly 22 days)
ATR value
ATR multiple (commonly 3)
Current price, to see the distance

Worked example

The 22-day high is $150 and the ATR is $4. With a 3× multiple the Chandelier stop is $138. If the stock trades at $145, the stop sits $7, or 4.8%, below price.

How the Chandelier Exit trails

Each day the level is recomputed from the highest high of the window. When the stock makes a new high, the exit rises; when the stock falls, the exit holds. It is designed to ratchet up only, so a pullback never loosens your protection.

When it works best

The Chandelier Exit suits trending stocks: it rides the move and only triggers when the trend genuinely breaks. In choppy, sideways markets it can sit far below price or get whipsawed after a spike.

The Chandelier Exit in PnLock

PnLock’s Adaptive Protector model is a Chandelier-style exit, 3× ATR below the 22-day high, computed alongside five other models so you can compare how much room it gives.

Common questions

What are the standard Chandelier Exit settings?

A 22-day lookback with a 3× ATR multiple is the widely used default. Shorter lookbacks or smaller multiples react faster but whipsaw more.

Is the Chandelier Exit a trailing stop?

Yes. It is a volatility-based trailing stop that follows the highest high and never moves down.

Profit Lock

Profit Lock helps investors turn an open position into a clear exit plan. It compares several stop models, grades the quality of each level, and shows the risk before you make a manual decision.

Explore Profit Lock