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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
_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