This appears to only parse a single line (the top line - 2?) to determine the indentation positions for the entire text editor view. But if the font is different in the parsed line, it will result in all the indent guides being at incorrect positions. In particular, this will happen when using extensions like Better Comments that allow the font to be customized for comments.
Suggestions: Check if the line is commented? Check if font on the parsed line is different and/or mono-spaced? Parse more than one line and use the majority indent widths?