This is a simple indicator which plot high and lows based on Fibonacci sequence. Best part of this indicator is it don't rewrite itself once it got plotted on the chart, which make it unique from other High low indicators.
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added comments
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Added instructions For batter understanding.
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Color has been changed and a new calculation method is added. There is no need to change the inputs now current inputs work best with all timeframes.
NOTE: This is not a magic indicator. Don't think this will make you money single-handedly. You can use it to enhance your strategy or use mine (elaborated above) to catch a good trade.
Have a look at this, a perfect example of a Sniper Entry. Enable desktop site mode if you are a mobile user.
Copy this link: "tradingview.com/chart/EURNZD/vmnbqAa9-EUR-NZD-Entry-using-Fib-HL/"