Fractal Dimension Index with Multi-Speed Signals, RSI, and Volatility Displays

Summary

This indicator calculates a Fractal Dimension Index (FDI) from a selected price series across several lookback lengths. It plots a slower measure and three faster versions, colors them according to their relative ordering, and marks selected crossovers around specified FDI levels. A moving-average baseline and bands based on the standard deviation of the slower FDI provide additional context. An optional ultra-slow FDI view extends the same approach to a longer horizon.

The script also contains optional RSI and Bollinger Band Width Percentile (BBWP) displays, including their own baselines or extreme-value highlighting. These components let users view several measures in a shared indicator pane; the available excerpt gives substantial detail on FDI and only partial detail on BBWP. It does not explain how to interpret the signals as a trading system, provide entry or exit rules, or report empirical results. FDI crossovers and threshold marks should therefore be treated as visual analysis aids rather than evidence of predictive performance.

Key ideas

• The indicator computes FDI from normalized price movements over configurable lookback windows.
• It compares one slower FDI series with three faster series and highlights selected crosses and levels.
• A moving-average baseline and standard-deviation-based bands add context to the slower FDI reading.
• Optional panels include ultra-slow FDI, RSI, and Bollinger Band Width Percentile displays.
• The script provides no validated trade rules or performance evidence for the plotted signals.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.