Chandelier Exit

Chandelier Exit (CE) is a volatility-based indicator developed by "Chuck Le Beau", ATR is used to measure the Volatility.
It identifies stop loss exit points for long and short trading positions.

Configuring the ATR period = 1 and Multiplier = (say) 1.25 or 1.5, it can be used for readily available buffer Stop Loss value from previous high/low.