I think you could use a conditional  format with a single condition of
something like:

=OR(D16<CHOOSE(B16,$D$65530-0.07,$D$65529-0.07,$D$65532-0.05,$D$65531-0.05),
D16>CHOOSE(B16,$D$65530+0.07,$D$65529+0.07,$D$65532+0.05,$D$65531+0.05))

Change the specifics as you need them, since your two examples had
different lists of conditions...