The shape of your indexing health over 90 days. A clean step down means a deploy broke something on one day; a gentle slope means pages are decaying out of the index a few at a time.
At a glance
Index Coverage Trend is a 90-day area chart of how many of your pages Google holds in its index over time. Where Indexed Pages gives the current count and fires the de-indexing alert, this card gives the shape, which is what tells a single-event regression from a slow structural decline. It is a trend view, not an alert.