Hi, I have an idea for an indicator based on Elliot wave method of analyzing the markets. Basically, the method strives to determine when demand/supply has entered the market by summing up the volume on individual waves. To make things simple and straightforward, I propose using a normal MT4 zigzag indicator for the waves. The indicator I need will use the standard MT4 cross-hair to sum up all the volume on the bars I pick out, and probably write out the summation alongside the number of bars, number of pips and price level that the cross-hair usually shows. I have no idea of coding so please pardon me if trying to use or mimic a cross-hair like that is dumb.
- Indicators with alerts/signal
- Volume Indicator No Supply No Demand needed
- Universal MA Cross EA
So you have no idea of coding yet you know how to make it "simple and straightforward" ? if you can make it so "simple and straightforward" why not simply code this "simple and straightforward" indicator yourself ? OK you have to learn a few "simple and straightforward" things about mql4, for example: The Book & the Documentation . . . but these are both "simple and straightforward" . . enjoy.
By the way . . there is no Volume on MT4 . . . what is called "Volume" should actually be called Tick Count.
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