This is a EURUSD converted index. It show the value of the index at the EURUSD current ratio. The Histogram is the spread between the index and the index in Euro. So if you use Euro to buy US stock, you can check at the spread and try to enter with high level spread (this is when Euro is strong) and exit when is low (like now). This can add a bit of profit to our trade. The opposite can be used by US investitor that want to buy stocks in EURO.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.
You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
