The US Dollar Index L Candle is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies.
It is a weighted geometric mean of the dollar's value relative to other select currencies:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
US Dollar Index L Candle goes up when the US dollar gains "strength" (value) when compared to other currencies.
The US Dollar Index L Candle draws the current price horizontal line and displays the price above the line to the right side of the chart.