This is a divergence CCI based indicator that was made for me - the benefits are that it shows when the indicator crosses zero in the upper timeframe (by changing the background colour on both indicator and FX charts).
It is very useful as you can see at a glance when the upper TF goes under/over zero against divergence (the Blue histos are divergence in the current TF).
The red histos are increasing momentum, blue histos are divergence, dark orange histos are increasing/decreasing momentum important for the levels and the yellow histos are transitioning or sideways.
The levels are Fibonacci based to help with overbought/sold areas whilst maintaining momentum above or below these levels.
TEAMTRADER