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Ulcer Index for Amibroker (AFL)
Rating:
2 / 5 (Votes 6)
Tags:
oscillator, amibroker
The ulcer index is a stock market risk measure or technical analysis indicator devised by Peter Martin
https://en.wikipedia.org/wiki/Ulcer_index
code converted from
https://www.tradingview.com/script/QuqgdJgF-Indicator-Ulcer-Index/
credit : LazyBear.
Indicator / Formula
Copy & Paste Friendly
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 | _SECTION_BEGIN(" Ulcer Index ");//https://www.tradingview.com/script/QuqgdJgF-Indicator-Ulcer-Index/// Credits : LazyBear - TradingView.length = Param( "Length", 10, 1, 5000, 1 );cutoff = Param( "Cut off", 5, 0, 100, 0.1 );hcl=hhv(close,length);r=100.0*((close-hcl)/hcl);ui=sqrt(sum(r^2, length)/length);col=IIf(ui>cutoff,colorRed,colorAqua);Plot( ui, "Ulcer Index ("+length+","+cutoff+") ", col);Plotgrid(cutoff,colorBlack,9, 1);_SECTION_END(); |
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it doesnt work