The Fractal Dimension Index determines the amount of market volatility.
The easiest way to use this indicator is to understand that a value of 1.5 suggests the market is acting in a completely random fashion. Deviation from 1.5 indicates a possible profit. The possibility of profit increases when deviation increases. However, be careful – the indicator does not show trend direction! In the state of trend the indicator appears red. With high volatility it is blue. Color change from red to blue means the end of the trend, the market becomes chaotic and volatility increases. Typically, these moments are not long and are followed by a new trend.
Indicator triggering is defined by the value of the following input parameter:
input double e_random_line=1.5; // Level of triggering
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 24.01.2008.
Recommended MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
(Free MT5 Indicators Download)
Fractal Dimension Index – indicator for MetaTrader 5
So, while benefiting from this indicator is crucial, ensuring successful trades and reaping rewards requires continuous training with enhanced strategies. Don’t worry, we’re here to help.
We are a team of dedicated individuals, including a work-from-home dad and passionate forex trader, committed to helping you succeed in the forex market. As the driving force behind ForexMT4Indicators.com, we share cutting-edge trading strategies and indicators to empower you on your trading journey. By working closely with a team of seasoned professionals, we ensure that you have access to valuable resources and expert insights to make informed decisions and maximize your trading potential.
Want to see how we can transform you to a profitable trader?
>> Join Our Premium Membership <<
Benefits You Can Expect
- Gain access to a wide range of proven Forex strategies to make informed trading decisions and increase profitability.
- Stay ahead in the market with exclusive new Forex strategies and tutorials delivered monthly to continually enhance your trading skills.
- Receive comprehensive Forex training through 38 informative videos covering various aspects of trading, from using the MT4 Metaquotes platform to leveraging indicators for improved trading performance.