A measure of fractal self-similarity – indicator for MetaTrader 4

[Metatrader Indicators]

chart_mtf_fracdisp_bw_small.gif

I have updated this message with a correct version of the script MTF_FractalDispersion11.mq4, the previous version is incorrect, it gave an incorrect value of the fractal dispersion. My blog is also updated but the link below remains correct.

This indicator is meant to be used with FGDI.mq4 which is available here (http://codebase.mql4.com/en/code/8844). It basically calculates this indicator for several timeframes and compute a dispersion of the fractal dimensions of these timeframes around the longest timeframe selected, each timeframe can be given a different importance by means of different weights (provided all the weights are integer). The dispersion is simply a standard deviation around the longest timeframe.

Here is what it look like in the bottom window, above is the FGDI.

How to install A measure of fractal self-similarity – indicator for MetaTrader 4.mq4?

Download A measure of fractal self-similarity – indicator for MetaTrader 4.mq4
Copy A measure of fractal self-similarity – 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 A measure of fractal self-similarity – indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator A measure of fractal self-similarity – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove A measure of fractal self-similarity – 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: