I found this thread recently and I whish to find somebody who would be able to write an indicator based on COT (Commitment of Traders) report which is released every week.
What I would looking for is RSI style indicator with 0/+100/-100 levels and we as a users should be able to input data on weekly basis - this would involved input of two number and formula for calculation should look like this:
Net position of large speculators - net position of commercials
Something like this
The first problem is finding a MT4 br0ker who supplies COT data.
Or, alternatively, a third party source who supplies the data every time it's updated (every 2 weeks?), free of charge (unless you're willing to pay for it), in a suitable CSV format, into your ..../experts/files folder. Then you could use an indy like Plot External Data to plot the data. It wouldn't require too much modification to have it plot 3 sets of values in the same window, and scale the values to 0 to 100.
That would be the way I'd tackle it, but other programmers might have better ideas.