The indicator represents 8 lines that divide the price range into the different channels (regions). Usually, it is placed on the Ichimoku, but can be used with the separate Kijun-Tenkan+.mq4 indicator.
A general description of the indicator and the description of the possibilities of its usage are given at the page:
P.S. It is a new version dated 13/06/2006 – the error of drawing the channel in the future was corrected (it had the error for a bar).