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The requirement now is to add gray indicator if the ROI months are greater than 36.
Red for greater than 24 but less than or = 36 months.
Yellow for greater than or = to 13 but less than 24 and green for less than 13.

Gray >36
red 25-36 months
yellow 13-24 months
green 1-12 months


IF( 
ROI_No_of_Months__c  < 13,
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFeo", "green", 30, 30),
IF(
AND(
ROI_No_of_Months__c  >= 13,
ROI_No_of_Months__c  <= 24
),
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFee", "yellow", 30, 30),
IF(
AND(
ROI_No_of_Months__c  >= 25,
ROI_No_of_Months__c  <= 36
),
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFej", "red", 30, 30)
IF(
ROI_No_of_Months__c > 36, 
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFlp", "gray", 20, 20), 
),
)
)
)
)
IF(  ROI_No_of_Months__c  < 13,
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFeo", "green", 30, 30)
IF( ROI_No_of_Months__c  > 24,
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFee", "yellow", 30, 30),
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFej", "red", 30, 30),
))

Any help would be appreciated.  Thanks!
The requirement now is to add gray indicator if the ROI months are greater than 36.
Red for greater than 24 but less than or = 36 months.
Yellow for greater than or = to 13 but less than 24 and green for less than 13.

Gray >36
red 25-36 months
yellow 13-24 months
green 1-12 months


IF( 
ROI_No_of_Months__c  < 13,
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFeo", "green", 30, 30),
IF(
AND(
ROI_No_of_Months__c  >= 13,
ROI_No_of_Months__c  <= 24
),
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFee", "yellow", 30, 30),
IF(
AND(
ROI_No_of_Months__c  >= 25,
ROI_No_of_Months__c  <= 36
),
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFej", "red", 30, 30)
IF(
ROI_No_of_Months__c > 36, 
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFlp", "gray", 20, 20), 
),
)
)
)
)
IF(  ROI_No_of_Months__c  < 13,
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFeo", "green", 30, 30)
IF( ROI_No_of_Months__c  > 24,
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFee", "yellow", 30, 30),
IMAGE("//c.na139.content.force.com/servlet/servlet.FileDownload?file=0154W00000BiFej", "red", 30, 30),
))

Any help would be appreciated.  Thanks!