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DasanC

Fractal Dimension

DasanC  
Trend Analysis
256
2
trendanalysis
This indicator is used with your trend following or mean reverting strategy.

You only want to trend trade when the Fractal Dimension says the market is trending.
You only want to counter trend/scalp when the FD says the market is sideways.

It's simple to interpret:
  • Yellow means sideways
  • Blue means trending
  • Neutral area in the middle means "random"

You can hide the fill/painting in the Indicator settings.
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Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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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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