ulcer index
Info
The ulcer index is a Indicator for MetaTrader 5 that this ulcer index (ui) indicator is a technical indicator devised by peter martin in his 1987 book "the investors guide to fidelity funds". typically used in measuring downside risk in stock market funds, the index looks at measuring downside volatility over a period.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ulcer index
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this ulcer index (ui) indicator is a technical indicator devised by peter martin in his 1987 book "the investors guide to fidelity funds".
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: multi-timeframe relative strength index (mtf rsi) indicator for mt4/mt5 - another powerful indicator for MetaTrader 5 traders.
Also recommended: institutional fractal dimension index (regime detector) - similar indicator with strong performance on MetaTrader 5.
this ulcer index (ui) indicator is a technical indicator devised by peter martin in his 1987 book "the investors guide to fidelity funds".typically used in measuring downside risk in stock market funds, the index looks at measuring downside volatility over a period.
the use of the indicator is simple:
downward trending ui - confirms rising trend with decreasing downside volatility.
upward trending ui - confirms falling trend with increasing downside volatility.
this code can be used across any instrument and time frame. however, the shorter the time the more chance of volatility and false signals like any other trend confirmation. like most other indicators, it is not recommend for sole use, but rather as a trend confirmation tool to complement your strategy.
the first picture (below) shows falling ui in the face of rising prices, while the second picture shows rising ui in the face of falling prices.
You may also like: relative strength index of volatility - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_label1 "ui"
#property indicator_type1 draw_line
#property indicator_color1 clrdarkorange
#property indicator_style1 style_dash.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.