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Published:

2018.06.06 12:45

UI.mq5 (19.21 KB) view

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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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