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- Published:
- 2018.06.06 12:45
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Ulcer Index (UI) shows the volatility decrease risk. It indicates lowering volatility, i.e. a possible drawdown or recovery within a given period.
The indicator has three input parameters:
- Period - calculation period;
- Inverse pair - inverse calculation;
- Applied price - price used for calculations.
The higher the indicator value, the greater the probability of volatility decrease.
Fig.1. Direct calculation
Fig.2. Inverse calculation
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20274
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