Individual Candle OB/OS Indicator

I Would like an overbought/oversold indicator for individual candles.

As follows:

(5SMA_value+8LWMA_value+10LWMA_value+12LWMA_value+15LWMA_value)/5=average_of_mas

if price is above 15LWMA

take the difference of the High of the candle and the average of MAs.

high_of_candle - average_of_mas=overbought_oversold_value

if price is below 15LWMA

take the difference of the Low of the candle and the average of MAs.

low_of_candle - average_of_mas=overbought_oversold_value

I would like the indicator to draw bars in its own window.

The basic premise of the indicator is to show instantaneous overbought and oversold conditions in the market based on a field of Moving Averages. When the current price travels too far outside that field of MAs an overbought/oversold state is attained wherein price needs to return to that field of MAs before moving on to the next overbought/oversold state.

I know nothing about coding and would appreciate any help I could get.

Thanks!

Skracor247

Here is a pic to clarify what I am looking at.

The price tags show where price itself has gone far beyond the support/resistance of the MAs(which are highlighted by the circles)

This is where I believe there is an overbought/oversold situation. The difference between the price and the Averages is too great to continue in that fashion.