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I created a plugin for another of Simon Snake's formulae a while back.
http://www.fractalforums.com/fractal-exteme/another-fractint-formula-i-like/
This new and improved version has better large-bailout logic, smooth shading and variants absoluting (or not) different sides of the real/imaginary equations.
The original formula I've termed a buffalo because it absolutes both real and imaginary. The Mandelbrot version does not absoluting, burning ship absolutes the imaginary and celtic absolutes the real.
As with my other FX plugins install the 64 bit dll into C:\Program Files\Cygnus Software\Fractal eXtreme 64-bit\plugins64
32 bit goes into C:\Program Files (x86)\Cygnus Software\Fractal eXtreme 32-bit\plugins
On 32 bit version of windows that might be (IIRC)
C:\Program Files\Cygnus Software\Fractal eXtreme 32-bit\plugins
Project Samples
