mrtools wrote: Sat Jul 17, 2021 1:15 am Added all the averages for smoothing. Attaching the original document by Peter G. Martin that describes Ulcer Index and its original usage in detail.

Thanks mrtools! Appreciate it! And very interesting reading of the original indicator and usage aswell!

Since we're already in the volatility subject - I've for some time been wondering if this indicator could use the FEMA (a new favourite of mine) calculation than the standard ema calc. Another masterpiece coded by mladen. The indicator could also use slopecoloring if you don't mind.