Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4

[Metatrader Indicators]

chart_1.gif

Step_Ema_LK.mq4:

This is a hybrid step / ema filter I wrote a while ago. Exchanging some lag/price for lag/time then prices moves a lot.

LK_FDI_V2.mq4:

Is my version of a Fractal Dimension Index. Following more or less the same principles as FGDI.mq4 posted elsewhere in the codebase. (There is some small differences, especial when dealing with small periods: e.g. a 2 bar period (2 observations) is considered random(~1.58) in this version there FGDI will give values above 2.0).

Also this version supports a linear weighted mode that may give a little less lag in some cases.

Plus dFDI (green line in the chart), that is FDI on first derivative (rate of change).

FDI well below 1.5 generally means that we are trending.

FDI at 1.5 generally means that we are in a random market.

FDI well above 1.5 generally means that we are in a ranging market.

High dFDI readings generally means that the trend is stable in nature

How to install Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4.mq4?

Download Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4.mq4
Copy Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your MT4 indicators
Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
Right click on Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Fractal Dimension Index. + Step EMA – indicator for MetaTrader 4.mq4 from your Metatrader Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
"Indicators list"
Select the Indicator and delete

Click here below to download: