How do I create a Tool Adjustment Wheel?

Basically what I'm working with right now is a physics based puzzle game. The "Tools" in the game need to have the ability to change 360 degrees. So the tool would be in the center of the wheel and the player would be able to move their finger around the wheel, whilst the tool would move according to where the player is moving their finger. Basically what I'm asking is, how to turn something in real time? I've done it with buttons, and using sprites as buttons but that's no where near what I'm looking for.

Do you mean like the drag and drop behaviour, but with a circle with an axle at its origin?

I've attached a image file as an example of what I mean. Are you recommending I place a marker that would stick out from the circle?

how about the set angle towards position action?

So this is what I've got. It's still not what I want exactly but how would I make the ball move in a circular motion? Or a stick of some sort sticking out of a circle and moving in circular motion?

I'm completely new to Construct 2....if it's not already obvious.