by Enchantinggust » Fri Dec 11, 2015 10:19 pm
Thanks for the quick turnaround. Although this wasn't my original idea, this indicator still has its uses for an alert zone.
What I originally wanted was an indicator that creates a set of support and resistance lines (similar to the Fibonacci expansion / retracement) at levels set by the user in pips.
For example, Euro dollar is trading at 1.09567. If I wanted to set levels based off of squares, I would put in square levels (1,4,9,16,25, etc.), the price (1.09567), and the direction (increasing or decreasing price). So for this example, I want 1.09567 for my price, square numbers for my levels, and I want them increasing in price. When ok is clicked, I should have horizontal lines at the following levels:
1.09577 (1 pip from price)
1.09607 (4 pip)
1.09657 (9 pip)
1.09727 (16 pip)
1.09817 (25 pip)
Etc.... For as many levels as the user would like.
Sorry if I wasn't clear enough in my request.