The Fractal Dimension indicator for Metatrader 4 identifies both ranging and trending markets.
Indicator readings above 1.5 suggest ranging (flat) markets. Indicator readings below 1.5 suggest trending markets.
Use in conjunction with other indicators or analysis tools to built a complete trading system.
Download
Download the Fractal Dimension.mq4 indicator.
EUR/USD Daily Chart Example
How to install the Fractal Dimension custom indicator in Metatrader 4?
- Download the Fractal Dimension.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.