OPEN-SOURCE SCRIPT

Dual Ulcer Index [DW]

Mis à jour
This study is an experimental variation of Peter Martin's Ulcer Index that calculates the risk measures in the long and short direction for comparison.
The index is a measure of volatility that can be used to locate low risk trading opportunities.
Notes de version
Simple update:
Added an adjustable tolerance zone which can be used to further discern low risk opportunities.
Notes de version
Updates:

Cleaned up the code. Condensed the operations into a singular function.

Shortened the default sampling period.

Added an auto threshold option, which automatically determines the tolerance threshold based on statistical average distance between long and short UIs.

Enhanced the color scheme. The fill color now reflects which direction is dominant, whether the direction is reinforcing or pulling back, and whether the downside risk for the direction is within the threshold boundary or not.

Bar colorization has been added to the script. The color scheme is the same as the fill color.

Removed the background color because it is now unnecessary.
mhpeeOscillatorsTrend AnalysisUlcer Index (UI)Volatility

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


For my full list of premium tools, check the blog:
wallanalytics.com/

Reach out on Telegram:
t.me/DonovanWall
Aussi sur:

Clause de non-responsabilité