On Chart Auto Adjusting Self Drawn Dynamic Fibonacci Retracement Indicator

On Chart Auto Adjusting Self Drawn Dynamic Fibonacci Retracement Indicator

You have to develop an On Chart  Auto adjusting Self Drawn Dynamic Fibonacci Retracement Indicator for Currency Pairs (JPY & rest currencies) with following features:

1) The indicator will be drawn on the chart depending the variable I fix in the Property Section. I will mainly use the major and minor currency charts.

Property Section will contain following variables:

1) Adjusting dimensions:

  a) Self adjustment with Increase

 b) Self adjustment with decrease

2) Dynamic 0% Fibo point:

Any value of the Price point I will fix for the pair. From this  point the Fibo indicator will auto adjust its position depending on the dimension of the price I have chosen above( Increase or Decrease of the price).

3) 100% Fibo  point:

Any value of the Price point I will fix for the pair.

4) Alert for the level:

I want to set alarm for retracing price touching below 3 levels:

38%  Yes /No

50%  Yes /No

61.8% Yes /No

I am going to explain how the Indicator will work :

1) I will fix a Static 100 % Point in the property section.

I will  also same time fix a Rolling 0% point from where it will self adjust itself with the increase or decrease of price.

For example:

If for GBPJPY I choose 1.00 as 100% point and 1.65 as Rolling 0% point and in property section  I set it for "Self adjustment with Increase " then with the increase of price only the 0% point will shift toward say, 1.67, 1.68 and so on and will continue adjust other points ( 23.6%,38.2 % etc). Please remember, when the price will increase  it will adjust itself only that time. Not with the decrease of price.

Another example, If  for GBPNZD pair I choose 1.7000 as 100% point and 1.6500 as Rolling 0% point and in property section  I set it for "Self adjustment with decrease " then with the decrease  of price the 0% point will shift toward say, 1.6499, 1.6498 and so on and will continue adjust other points ( 23.6%,38.2 % etc). Please remember, when the price will decrease it will adjust itself only that time. Not with the increase of price.

2) When the price will retrace and touch any of the 38%, 50% and 61.8% the Alert will give a "Message ( Say, GBPJPY touch 38% or GBPNZD touch 61.8%) and make sound.

3) The indicator will draw the different lines of Fibonacci in the chart and indicates its Fibonacci value ( 0% to 100%) and its Price value say 1.8600 for other pairs or 1.52 for JPY pairs).