Think there some different one;s here in the forum, try searching for rainbow or gmma, done by Mladen if I'm remembering correctly.
Don't have the source code of that one.
It's an indicator, it compiled with no problems, but think the market needs to be open for it to work.
Added mtf, also made a new version, for you to check out.
Do you know of any indicator that works similar to this?
4TF or all TF price above/below averages