green == candle but lower than average
lime == candle with above average
crimson == candle with below average
red == candle with above average
This indicator is very useful for spotting bottoms / tops (do a visual backtest and observe its behavior) as well as entry opportunities.
By default, the lookback period for average is 7, but I encourage you to change this value in order to find settings that work best for your particular market.
If you have any feedback or ideas for improvement, please comment.