I begin with some lines of introduction to let you understand what this indicator should be able to do:
Considering the last sequence of consecutive bullish heiken ashi, the relevant bullish ones are: third, fifth, eighth, tenth, eleventh, thirteenth, fifteenth, multiples of five (20, 25, 30, 35, and so on...);
Considering the last sequence of consecutive bearish heiken ashi, the relevant bearish ones are: third, fifth, eighth, tenth, eleventh, thirteenth, fifteenth, multiples of five (20, 25, 30, 35, and so on...) ;
The good bullish heiken ashi is chosen from a group of relevant bullish heiken ashi;
The good bearish heiken ashi is chosen from a group of relevant bearish heiken ashi;
One condition to choose the good bullish heiken ashi is: counting the number of consecutive bullish heiken ashi and choose the last relevant bullish one;
One condition to choose the good bearish heiken ashi is: counting the number of consecutive bearish heiken ashi and choose the last relevant bearish one;
The relevant bullish heiken ashi, to be chosen as good, should represent a max compared to the 48 (customizable value) previous heiken ashi;
The relevant bearish heiken ashi, to be chosen as good, should represent a min compared to the 48 (customizable value) previous heiken ashi;
Indicator must create one bullish fibonacci retracement in the main chart, starting from beginning of the higher wick of the good bullish heiken ashi - ending at the top of the higher wick of the good bullish heiken ashi;
Indicator must create one bearish fibonacci retracement in the main chart, starting from beginning of the lower wick of the good bearish heiken ashi - ending at the bottom of the lower wick of the good bearish heiken ashi;
The bullish fibonacci retracement levels to be drawn are 0, 100, 161.8, 200, 261.8, 423.6, 847.2, 1270.8, 2541.6, 3812.4;
The bearish fibonacci retracement levels to be drawn are 0, 100, 161.8, 200, 261.8, 423.6, 847.2, 1270.8, 2541.6, 3812.4;
The indicator update the fibonacci retracements every new tick. I need the description for each level of its value (0, 100, 161.8, and so on...). I need to choose to show both (bullish + bearish) fibo retracement or only one. In addiction i would like customizable colors and line style and the consecutive heiken ashi number plotted above/below the good heiken ashi like in the following pic.
A picture worth more than 1000 words. (P.S. Between 0 and 100 levels you can see 50. I don't need that level)
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