This indicator shows an hystogram with the Chainkin Oscilator values, with color changes in function of the direction (up/down) . Also show the 0 crossovers, up and down.
Chaikin Oscillator gets its name from its creator, Marc Chaikin.
The Chaikin Indicator applies MACD to the accumulation-distribution line rather than closing price.
For me it's very usefull...