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[EquisMetaStock Group] Re: Ulcer Index



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I had this laying around but in truth have never used it. 

----
{Ulcer Index Formula}

Period:=10; {set this to the number of periods to calculate in the
formula}
Sqrt(Sum(Power(100*( HHV(CLOSE,Period) - CLOSE )/(HHV(CLOSE,
Period)),2),Period)/Period)

----
There is a description here of what it is meant to do.

http://www.investopedia.com/articles/technical/03/030403.asp

--- In equismetastock@xxxxxxxxxxxxxxx, "christie1969us"
<christie1969us@xxxx> wrote:
> 
> 
> I have heard of the ulcer index. As I understand it, the problem
with 
> Beta is that it measures volatility to both the upside and
downside. 
> We do not mind volatility to the upside.
> 
> Is this what the ulcer index is and how is it coded?
> 
> Christie





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