Erik Long’s Fractal Dimension Index can be easily implemented in the NeuroShell Trader Professional by using the Hurst Exponent indicator from the NeuroShell Advanced Indicator Set 1 extra cost add-on in addition to standard indicators included with NeuroShell Trader.
First, insert the standard subtract indicator by doing the following:
1. Select ‘New Indicator …‘ from the ‘Insert‘ menu.
2. Select the ‘Arithmetic’ category.
3. Select the ‘Subtract indicator.
4. Set Operand #1 equal to 2.
5. Set Operand #2 to the Hurst Exponent Indicator in the Advanced Indicator Set 1 category.
6. Select the Finished button.
7. Right click on the completed indicator and rename it to FDI (Fractal Dimension Index).
Note that for additional study we also added to our chart the Hurst Significance and Fractal Dimension indicators from the Advanced Indicator Set 1 add-on
If you decide to use your indicator in a trading strategy, the coefficients may be optimized by the Genetic Algorithm built into the NeuroShell Trader Professional. This can provide you with the parameters that maximize profitability.
File Download