FDI-Adaptive Non-Lag Moving Average [Loxx] — Indicator by loxx

trendanalysis nonlagma nonlag trend gradientcoloring gradient fdi fractaldimensionindex

FDI-Adaptive Non-Lag Moving Average is a Fractal Dimension Index adaptive Non-Lag moving Average. This acts more like a trend coloring indictor with gradient coloring.

What is the Fractal Dimension Index?
The goal of the fractal dimension index is to determine whether the market is trending or in a trading range. It does not measure the direction of the trend. A value less than 1.5 indicates that the price series is persistent or that the market is trending. Lower values of the FDI indicate a stronger trend. A value greater than 1.5 indicates that the market is in a trading range and is acting in a more random fashion.

Included

Bar coloring
Loxx's Expanded Source Types

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: www.patreon.com/algxtrading/membership

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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