Is there a circuit where output signal is high ONLY when at a specified input voltage?
You are looking for a window comparator. It can be implemented easily with a dedicated window comparator IC (like the TPS3700) or a dual comparator IC (or two single comparators). The two comparators should be open collector (i.e. not push-pull) so that the two outputs don't fight each other. Here's an example from the TLV170x comparator datasheet:



Since the two thresholds (you're using 4.5 V and 5.5 V) connect to the high impedance inputs of the comparators you don't have to buffer them. You can use a resistor divider, composed of three resistors in order to set two thresholds, from your supply voltage to ground. The datasheet for the aforementioned TPS3700 shows this:



In the event that the comparator supply voltage \$V_\text{S}\$ is less than your input thresholds you can divide down your the thresholds and your signal to less than \$V_\text{S}\$. For example, if you have \$V_\text{S} = 2\text{ V}\$ then you can divide your 4.5 V and 5.5 V thresholds by, say, 4 -- that would give you thresholds of 1.125 V and 1.375 V.