LK FDI Indicator is a modified version of a Fractal Dimension Index. This version employes a linear weighted mode that give less lag. Plus dFDI (green line in the chart) is FDI on first derivative (rate of change).
- FDI below 1.5 means that the market is in a trend;
- FDI at 1.5 means that the market is consolidating;
- FDI above 1.5 means that we are in a ranging market;
- High dFDI readings generally means that the trend is steady.
- File: LK_FDI_v2.mq4
- Size: 5 Kb