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the short answer is yes. It only depends on how you want to color them i.e. what the conditions are.
Tradestation has separate studies that color the bars, they are called Paintbars. I would suggest checking the build in studies out as this should give you a good idea.
Thank you for the Paintbar script. Is there a way to make the weight of the bars "heavier"? When I do that via Format Symbol, the colors of the script are masked.
Yes - control the width of the (colored) plot through the paintbar EasyLanguage using plot width rather than by formatting the symbol. Hope that helps!