I came across a new type of candle being made recently and it very accurately reflects the volume of the candle and would help price action traders.

It is called the "Raindrop" candle. Would anyone here be able to code it? It does not exist yet for MT4, only other trading software.

As a starting point, it could be built as an indicator that pulls the volume from a lower time frame and displays it as horizontal lines over the native MT4 "Bar" chart.

Here is an example in tradingview with the rules required https://www.tradingview.com/script/dJr8 ... ps-Makit0/
Another example https://www.newtraderu.com/2019/05/29/r ... ser-guide/