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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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