Hello MrTools

I would really appreciate it Mr Tools if you would please help me to understand the coding logic of how the attached ‘FiboBars 2’ indicator actually works? What it the indicator looking at when it changes its colour from red to green, and from green to red?

This indicator was originally kindly posted by mntiwana in the ‘Various Indicators’ thread on 17.12.2018, page 23, post 227.

Regards as always

Holmes27