Color candle when RelativeVolatilityIndex greater than 55

Since you have resolved two of the specifications with your code I have updated the title. Instead of “How to change color of breakout candle” I have updated the title of the question to: “Color candle when RelativeVolatilityIndex greater than 55”. Makes sense to do this, since you are really only needing to get the RVI portion completed.

For this we will once again reach back to a previous post. Only two lines of code will need to be modified. I am getting that code from this post: https://www.hahn-tech.com/ans/relative-volatility-index-rvi-custom-watch-list/

input stDevLength = 10;
input averageLength = 14;
input averageType = AverageType.EXPONENTIAL;
def stDevHi = stDev(high, stDevLength);
def stDevLo = stDev(low, stDevLength);
def avgStDevHiUp = MovingAverage(averageType, if high > high[1] then stDevHi else 0, averageLength);
def avgStDevHiDown = MovingAverage(averageType, if high < high[1] then stDevHi else 0, averageLength);
def avgStDevLoUp = MovingAverage(averageType, if low > low[1] then stDevLo else 0, averageLength);
def avgStDevLoDown = MovingAverage(averageType, if low < low[1] then stDevLo else 0, averageLength);
def rviHi = if avgStDevHiUp + avgStDevHiDown == 0 then 50 else 100 * avgStDevHiUp / (avgStDevHiUp + avgStDevHiDown);
def rviLo = if avgStDevLoUp + avgStDevLoDown == 0 then 50 else 100 * avgStDevLoUp / (avgStDevLoUp + avgStDevLoDown);
def RVI = (rviHi + rviLo) / 2;
AssignPriceColor(if RVI > 55 then Color.YELLOW else Color.CURRENT);

That code only handles the RVI portion of the request. All you need to do is take the lines of code from your comment and add them anywhere above the last line:

AssignPriceColor(if RVI > 55 then Color.YELLOW else Color.CURRENT);

And once you have done so you will modify that last line to this:

AssignPriceColor(if RVI > 55 and paintBar then Color.YELLOW else Color.CURRENT);