This is a combination of a slightly sped up MACD overlay on top of a modified Bar Trend Squeeze or highly modified Momentum indicator. Helps to see the trend/momentum matched with the characteristics of the MACD and it's historiography. Very user friendly for adjusting color, transparency, depth, lines, size, etc.
MACD is the dark gray line.
Its signal slower...
This indicator is VERY good ONLY when in a Trending market (When trends form). In a ranging market it kinda sucks.
Defaults settings set for BTC 4H chart.