This one is still leveraging the humble moving averages indicator, but this updated version also consider the price action itself to color the candle.
Reading this indicator is simple, green means bullish & red means bearish. This can be combined with looking at the EMAs itself to consider taking any trading position.
Because the indicator is coloring the candle, there must be small modification on the standard settings. Go to settings, then go to symbol section, and uncheck the coloring for candle Body, Borders, and Wick.
Cherio...