you are correct with what i wanted...
if you look more closely in malcolm charts you'll notice that you are wrong...i know excactly what you are talking about and yes mt4 has it on standard indicator list.
misleading and distracting ? sorry, but you are wrong again...
when you have this you can learn much faster and effectively by looking at historic charts and pinpoint high volume reversals visually very quickly etc.
i hope you would reconsider this...especially when it only takes 5min of your time...
EDIT.... Here it is.
Volume based on price open and close.mq4 2 KB | 1,526 download