Fibonnaci indicator developpement

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

good idea, Mel
i know you have all TL, HL, ifibo, 123, fractal, zz channels
may be like this simle indi 4 the first brick? : )

Thanks fxxx, i will have a look into this one and see what i can do with it.

Indicator done.

For the moment it will send alert all the time but i will fix this and add option for email alert.

Edit : hmm alert is not working dont know why ?

Some correction done. Lines now move correctly.