by Einar Abell @ edn.com:
This Design Idea gives two versions of an indicator light that changes from green to red as a battery discharges. There are many circuits that do this sort of thing, but all the ones I have seen are too complex and costly for my taste. This DI shows a method that uses an absolute minimum of low cost parts: a dual-color LED and four other parts.
Voltage indicator transitions between colours – [Link]