FGDI - MetaTrader 5 Script - MQL5 #21826 - MT4/MT5 Resources
The Fractal Dimension indicator shows market status: trend or volatility.
Radha Panini described this in Carlos Sevcik's article "Technical Analysis of Stocks and Commodities" in March 2007.
The indicator has three input parameters:
Values below the threshold indicate the trend status of the market and are displayed in red . Values above the threshold represent unstable volatilization states and are shown in blue .
Attachment download
📎 fgdi.mq5 (13.8 KB)
Source: MQL5 #21826
FGDI - MetaTrader 5 Script - MQL5 #21826 Usage and Filtering Advice
FGDI - MetaTrader 5 Script - MQL5 #21826 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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