OPEN-SOURCE SCRIPT
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.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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