Ellipse Tool - Mode Indicator
This indicator on the Ellipse Tool Infobar displays the 'mode' of the tool. It displays one of the following:
New:
Any changes you make to the controls on the Infobar will apply to all subsequent ellipses you draw.
Change:
The selection contains at least one elliptical QuickShape. Changes made to the Infobar fields alter the selected ellipse(s).