OPEN-SOURCE SCRIPT

Fractal Dimension Indicator - FDI

2 531
This script adds two hline parameters to an existing Fractal Dimension Indicator:

New Trend and End of Trend Line

When the FDI value goes above 1.55 a new trend is starting (either bullish or bearish).
When the FDI value goes below 1.35 an existing trend is ending (either bullish or bearish).

The FDI does not tell us which way prices will break, only that a break should be coming soon.

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