Dynamic Fibonacci MT4 Indicator

Hi,

Does any fib user use this indicator on mt4 its supposed to be an advanced tool look decent for fib clusters on the 4 hour however how do I interpret this?

Thanks.

How about a chart to show what you are asking about?

Draw enough lines on a chart and I'm sure price will react at several of them

I'm new, I'm getting old, and I have no idea what L1 L2 mean if they are above the buy line do I buy and then sell when they hit it? What about the triangles/ inverted what do they mean if the white is above the sell line do I buy then sell when it hits the white space.. Any kind soul want to enlighten an old novice who is beginning to think he is going senile. :-) Cheers,,