Fixed it. Just had to up the value of the $ by one. IE, $4 became $5

Code:
on 1:text:!colorbar *:#: {
  if (!$5) { msg $chan Invalid Format.  Use: !colorbar color1 color2 color3 color4 nick | return }
  msg $chan $+(,$2,$chr(44),0"¼0,$chr(44),$2¼»,$3,$chr(44),$2"¼,$2,$chr(44),$3¼»,$4,$chr(44),$3"¼,$3,$chr(44),$4¼»,$4,$chr(44),$4"¼,$4,$chr(44),$4¼»,$5,$chr(44),$4"¼,$4,$chr(44),$5¼»,$5,$chr(44),$5,------,0,$6-,,$5,$chr(44),$5, -------,,$4,$chr(44),$5"¼,$5,$chr(44),$4¼»,$4,$chr(44),$4"¼,$4,$chr(44),$4¼»,$3,$chr(44),$4"¼,$4,$chr(44),$3¼»,$2,$chr(44),$3"¼,$3,$chr(44),$2,¼»0,$chr(44),$2"¼,$2,$chr(44),0¼»)
}


There should be a simple edit to make it to where the color of the name text can be specified in the middle, but I can't seem to figure it out. Help?