TF H1 = Candle Bull Bear
Timeframe color for A><B = span a><span B
in out = span a - span b if span a > span b = lime span a < span b = red if price stays inside the box = gray
C-TK = close - tenken color if price > tenken = lime price < tenken = red price = tenken = gray
A2C = close - span a color if span a > span b = lime span a < span b = red if price stay in box = gray

The indicator uses the current time frame.. only candles bull and bear can choose the time frame

For the waterline in the picture, it's the tenken line. it is standard ichimoku in mt4 sorry for my english