this indicator assigns a colour to each candle based on the relationship between the price and the EMAs, The indicator first checks whether the close price is above or below the first EMA, If the close price is above the first EMA the candle is coloured green. If the close price inbetween both EMAs the candle is colored gray. If the close price is below the second EMA, the candle is coloured red.
the indicator also colours the EMAs based on the closed price, if closed price is above the EMAs its coloured green and if price is closed below the EMA is coloured red.
The colours of the candles and EMAs can be changed in "style" and the periods of the EMAs can be changed in inputs.