capissimo

Fractal Dimension

John F Ehlers' Fractal Dimension

Description:

Fractal Dimension is a measure of how complicated a self similar shape is. For instance, a line is smaller and more basic than a square.

The lower the Fractal Dimension the closer a stock chart is to a straight line and therefore the stronger the trend. High readings on the other hand reveal a complex fractal; the shape of a range bound market.

These two different market types require very different strategies in order to maximize profits and minimize losses.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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