Hi everyone,
i am planning to develop a new indicator based on fibonnacci.
Here is the explanation of what i want it to do
Place a line on a bottom/peak
Place a line on a peak/bottom
The indicator will send an alert when price retrace to a fib level calculated from the price difference between bottom and peak line.
Untill now you will say, no need for an indicator for that, just put an alert at your fib level but here is the catch.
I want the second line to adapt to the price movement so that the fib level will be calculated as the price evolve.
It's better explained with a chart
I am not a good programmer but if i have an indicator to start with i will be ok i guess.
So my question is : can someone lead me to an indicator that i could use as a first brick for my indicator. I have search quite a lot but the only indicator i have found untill now is in ex4 format. All i need is an indicator that puts a line you can move on your chart.
Thanks a lot in advance
I have completed the indicator. It will give one alert by candle max or you can modify the code by adding a sleep command if you like
i am planning to develop a new indicator based on fibonnacci.
Here is the explanation of what i want it to do
Place a line on a bottom/peak
Place a line on a peak/bottom
The indicator will send an alert when price retrace to a fib level calculated from the price difference between bottom and peak line.
Untill now you will say, no need for an indicator for that, just put an alert at your fib level but here is the catch.
I want the second line to adapt to the price movement so that the fib level will be calculated as the price evolve.
It's better explained with a chart
I am not a good programmer but if i have an indicator to start with i will be ok i guess.
So my question is : can someone lead me to an indicator that i could use as a first brick for my indicator. I have search quite a lot but the only indicator i have found untill now is in ex4 format. All i need is an indicator that puts a line you can move on your chart.
Thanks a lot in advance
I have completed the indicator. It will give one alert by candle max or you can modify the code by adding a sleep command if you like
Attached File(s)
Fibonnaci_Alert.mq4
4 KB
|
334 downloads
|
Uploaded Apr 13, 2009 7:09am