Fractal Graph Dimension Indicator (FGDI)

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This a rework of a script by iliko called Fractal dimension and that can be found here: https://www.mql5.com/en/code/7758

In there, I corrected two minor errors, and added a calculation and representation of the standard deviation of the estimation of the box-counting dimension. The two minor errors were the following:

– At line 199:
Instead of : for( iteration=0; iteration < g_period_minus_1; iteration++ )
It should be : for( iteration=0; iteration <= g_period_minus_1; iteration++ )

– At line 213:
Instead of : fdi=1.0 +(MathLog( length)+ LOG_2 )/MathLog( 2 * e_period );
It should be : fdi=1.0 +(MathLog( length)+ LOG_2 )/MathLog( 2 * g_period_minus_1);
For further details, see my blog: http://fractalfinance.blogspot.com/

Here is what it looks like on a daily chart for EUR/USD, the lower window represents the original fractal dimension by iliko, and the moving average is the FRASMA I published earlier:

 

MT4 Indicator Download – Instructions

Fractal Graph Dimension Indicator (FGDI) is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Fractal Graph Dimension Indicator (FGDI) provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Fractal Graph Dimension Indicator (FGDI).mq4?

  • Download Fractal Graph Dimension Indicator (FGDI).mq4
  • Copy Fractal Graph Dimension Indicator (FGDI).mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on Fractal Graph Dimension Indicator (FGDI).mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Fractal Graph Dimension Indicator (FGDI).mq4 is available on your Chart

How to remove Fractal Graph Dimension Indicator (FGDI).mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Fractal Graph Dimension Indicator (FGDI)

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