Actually that idiot probably happens to be one of the best traders here. I would consider myself to be a success if I could be half as good as him.
Contact your software vendor, most charting packages have 3rd party developers who will code anything you want. Your simple indicator would probably only cost you a few hundred.
You are correct about R.M.. If only the hordes of new traders with attitude and their little brainstorms/ideas would shut up for 10 minutes. The newbies just have to be right about their methods, and are rarely open to listening to anything. Then they wonder why people don't help them or share their edge for free. They want a solution that takes little effort or costs $50 a month. No willingness to put in the time it takes. That is why the better traders often leave ET or do not respond.
The proper use of volume is actually scientifically proven to be accurate in the right situation. Consider this: You eat a lot and after taking a dump you observe the volume and realize the amount of food was the main factor. Food first and crap later is the same as price movement that causes a reaction from the players which creates volume. Volume is always late. Never trade with these all twisted up with silly ideas about volume. <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/00020259.gif" border=0 ></a>
You may or may not be a good trader. I really don't know, but I do know this. You are an asshole. If you are a successful trader I'm pretty relieved because if someone like you can do it, it must not be as hard as I initially thought. Do you just type without thinking at all about what you're going to say? You lump me in with "hordes of new traders" despite the fact that you obviously know nothing about me. Of course I'm on ET (and other sites) to listen to other people and gain advice, but if y ou had half a brain you would realize that 95% of the advice i get is bad. I have to sort out the bad from the good, and when some one comes and says "throw volume out" and that's it do you really think I'm going to consider that a worthy piece of advice? No. Maybe if you told me why I would keep it in the back of my mind for future reference, but you didn't even think that far into it. Once again, proof that you have no idea what you're talking about...but that doesn't stop you from posting does it? I'm not looking for the easy way out. If you think i am maybe you should re-read my original post. I'm not looking for some different way to read the MACD, I'm looking for a way to plug what I see in PA into the computer. I don't want you to tell me your "edge". Because 1. I believe methods have a large degree of subjectivity to them and 2. from what I've read here, you're an idiot who probably doesn't have one. If you're in fact some great trader I wonder why you aren't out on your yacht instead of putting your crap posts in my threads.
Oh and thanks for all the intelligent responses. I think for now I'm just going to do everything manual, but i would like to start learning how the writing process actually works.
sigh. While I'm one in the "volume is important" camp, it certainly doesnt hurt you one bit to look at other things. For example, Point and Figure Charts, which dont take time or volume into account, have proven to be invaluable to me in determining price targets, something I was never able to do with more than random results before.
jonbig, The most user-friendly charting program I am aware of is QuoteTracker. You can use paintbars or design custom charts to your liking with a minimal effort in program coding. I do. Yes, I have used QT for years and would not go back to NT, Sierra or anything else.