To use:

Place indicator on your chart. You can place multiple copies of the indi if you make each TrendName value unique 
Draw a trendline where you want the Fibonacci levels calculated (same as you would with the MT4 fib retracement tool). Open the trendline properties box and name the trendline the same as the TrendName i.e. "Fib1".

Fib levels will calculate on next tick or you can refresh your chart.

To make changes open the Fibo_Independence indicator properties box and make adjustments

You can choose which levels to display, what color each of the lines are, what width each of the lines are, and what style each of the lines are all without redrawing the fib.

