Description
The Ulcer Index study plots values of Ulcer function. For your convenience, the main plot is complemented with safe level: when Ulcer Index goes beyond this level, an asset might be considered risky.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price for which percentage retracement is found. |
length
|
The number of bars used to calculate the root mean square and price percentage retracement. |
safe level
|
The border dividing risky and risk-free zones. |
Plots
| Plot | Description |
|---|---|
UlcerX
|
The Ulcer Index plot. |
Safe Level
|
The safe level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.