Yes, I feel indent style accurately conveys what is happening in a computer program, because it is a good way for people to put bench marks in their programs. Although indent style doesn't really convey any meaning, it is a good way for a programmer to show people reading the program what the section is.
Yes, indent style accurately conveys what is happening in a computer program especially for programmers. Because the blocks of code are indented it makes it clearer what the design and/or purpose of the code within a program is doing and provides a kind of flow by which the program can be seen from the inside out even for the uninitated.
Indent style helps humans read lines of code and lines of text in computer programs. Otherwise, there won't be much to look at except a jumble of words that run together. Humans behind the computer programming languages need to have some kind of order behind the chaos, and indent style is one way to organize the thoughts and lines of text.
It's very hard to understand a program if the code isn't indented properly using the most commonly excepted form. Even if a programmer is writing a program that they are likely to be the only people looking at the source code, it's still a good idea to indent properly as to not get confused where something is.
I do not feel indent style accurately conveys what is happening in a computer program. If you do not know the computer program language, when you take a look at the code with an indent style, you will absolutely have no idea what is happening inside of the computer program.