diff --git a/.ladle/components.tsx b/.ladle/components.tsx
index 04ee536..c6e7beb 100644
--- a/.ladle/components.tsx
+++ b/.ladle/components.tsx
@@ -9,9 +9,9 @@ import { GlobalStyle } from '@/styles/globalStyle';
 
 import { SelectMenu, SelectItem } from '@/components/SelectMenu';
 
-import { AppThemeProvider } from '@/hooks/useAppTheme';
+import { AppThemeAndColorModeProvider } from '@/hooks/useAppThemeAndColorMode';
 
-import { AppTheme, setAppTheme } from '@/state/configs';
+import { AppTheme, AppColorMode, setAppTheme, setAppColorMode } from '@/state/configs';
 import { setLocaleLoaded } from '@/state/localization';
 
 import '@/index.css';
@@ -19,9 +19,12 @@ import './ladle.css';
 
 export const StoryWrapper: React.FC<{ children: React.ReactNode }> = ({ children }) => {
   const [theme, setTheme] = useState(AppTheme.Classic);
+  const [colorMode, setColorMode] = useState(AppColorMode.GreenUp);
 
   useEffect(() => {
     store.dispatch(setAppTheme(theme));
+    store.dispatch(setAppColorMode(colorMode));
+
     switch (theme) {
       case AppTheme.Dark: {
         document?.documentElement?.classList.remove('theme-light');
@@ -38,7 +41,7 @@ export const StoryWrapper: React.FC<{ children: React.ReactNode }> = ({ children
         break;
       }
     }
-  }, [theme]);
+  }, [theme, colorMode]);
 
   useEffect(() => {
     store.dispatch(setLocaleLoaded(true));
@@ -48,10 +51,7 @@ export const StoryWrapper: React.FC<{ children: React.ReactNode }> = ({ children
     <Provider store={store}>
       <StoryHeader>
         <h4>Active Theme:</h4>
-        <SelectMenu
-          value={theme}
-          onValueChange={setTheme}
-        >
+        <SelectMenu value={theme} onValueChange={setTheme}>
           {[
             {
               value: AppTheme.Classic,
@@ -66,20 +66,31 @@ export const StoryWrapper: React.FC<{ children: React.ReactNode }> = ({ children
               label: 'Light theme',
             },
           ].map(({ value, label }) => (
-            <SelectItem
-              key={value}
-              value={value}
-              label={label}
-            />
+            <SelectItem key={value} value={value} label={label} />
+          ))}
+        </SelectMenu>
+        <h4>Active Color Mode:</h4>
+        <SelectMenu value={colorMode} onValueChange={setColorMode}>
+          {[
+            {
+              value: AppColorMode.GreenUp,
+              label: 'Green up',
+            },
+            {
+              value: AppColorMode.RedUp,
+              label: 'Red up',
+            },
+          ].map(({ value, label }) => (
+            <SelectItem key={value} value={value} label={label} />
           ))}
         </SelectMenu>
       </StoryHeader>
       <hr />
-      <AppThemeProvider>
+      <AppThemeAndColorModeProvider>
         <GlobalStyle />
         <StoryContent>{children}</StoryContent>
-      </AppThemeProvider>
-      </Provider>
+      </AppThemeAndColorModeProvider>
+    </Provider>
   );
 };
 
diff --git a/src/App.tsx b/src/App.tsx
index 23d1a39..d80de5f 100644
--- a/src/App.tsx
+++ b/src/App.tsx
@@ -16,7 +16,7 @@ import {
 } from '@/hooks';
 import { DydxProvider } from '@/hooks/useDydxClient';
 import { AccountsProvider } from '@/hooks/useAccounts';
-import { AppThemeProvider } from '@/hooks/useAppTheme';
+import { AppThemeAndColorModeProvider } from '@/hooks/useAppThemeAndColorMode';
 import { DialogAreaProvider, useDialogArea } from '@/hooks/useDialogArea';
 import { LocaleProvider } from '@/hooks/useLocaleSeparators';
 import { NotificationsProvider } from '@/hooks/useNotifications';
@@ -141,8 +141,7 @@ const providers = [
   wrapProvider(LocalNotificationsProvider),
   wrapProvider(NotificationsProvider),
   wrapProvider(DialogAreaProvider),
-  wrapProvider(PotentialMarketsProvider),
-  wrapProvider(AppThemeProvider),
+  wrapProvider(AppThemeAndColorModeProvider),
 ];
 
 const App = () => {
diff --git a/src/constants/localStorage.ts b/src/constants/localStorage.ts
index 863f24e..5ac32cb 100644
--- a/src/constants/localStorage.ts
+++ b/src/constants/localStorage.ts
@@ -20,6 +20,7 @@ export enum LocalStorageKey {
   SelectedLocale = 'dydx.SelectedLocale',
   SelectedNetwork = 'dydx.SelectedNetwork',
   SelectedTheme = 'dydx.SelectedTheme',
+  SelectedColorMode = 'dydx.SelectedColorMode',
   SelectedTradeLayout = 'dydx.SelectedTradeLayout',
   TradingViewChartConfig = 'dydx.TradingViewChartConfig',
   HasSeenLaunchIncentives = 'dydx.HasSeenLaunchIncentives',
diff --git a/src/constants/styles/colors.ts b/src/constants/styles/colors.ts
index a7c9eb1..b05a71d 100644
--- a/src/constants/styles/colors.ts
+++ b/src/constants/styles/colors.ts
@@ -1,4 +1,11 @@
-export type ThemeColors = LayerColors &
+import { AppColorMode } from '@/state/configs';
+
+export type Theme = {
+  [AppColorMode.GreenUp]: ThemeColorBase;
+  [AppColorMode.RedUp]: ThemeColorBase;
+};
+
+export type ThemeColorBase = LayerColors &
   BorderColors &
   TextColors &
   GradientColors &
@@ -49,6 +56,8 @@ type StatusColors = {
   error: string;
 };
 
+/** ##InvertDirectionalColors
+ * When adding colors here, make sure to update linked function to invert colors for AppColorMode. */
 type DirectionalColors = {
   positive: string;
   negative: string;
diff --git a/src/hooks/Orderbook/useDrawOrderbook.ts b/src/hooks/Orderbook/useDrawOrderbook.ts
index 887d3f3..7577796 100644
--- a/src/hooks/Orderbook/useDrawOrderbook.ts
+++ b/src/hooks/Orderbook/useDrawOrderbook.ts
@@ -12,8 +12,9 @@ import {
   ORDERBOOK_WIDTH,
 } from '@/constants/orderbook';
 
+import { useAppThemeAndColorModeContext } from '@/hooks/useAppThemeAndColorMode';
+
 import { getCurrentMarketConfig, getCurrentMarketOrderbookMap } from '@/state/perpetualsSelectors';
-import { getAppTheme } from '@/state/configsSelectors';
 
 import { MustBigNumber } from '@/lib/numbers';
 
@@ -23,7 +24,6 @@ import {
   getXByColumn,
   getYForElements,
 } from '@/lib/orderbookHelpers';
-import { useAppThemeContext } from '../useAppTheme';
 
 type ElementProps = {
   data: Array<PerpetualMarketOrderbookLevel | undefined>;
@@ -53,7 +53,7 @@ export const useDrawOrderbook = ({
   const { stepSizeDecimals = TOKEN_DECIMALS, tickSizeDecimals = SMALL_USD_DECIMALS } =
     useSelector(getCurrentMarketConfig, shallowEqual) || {};
   const prevData = useRef<typeof data>(data);
-  const theme = useAppThemeContext();
+  const theme = useAppThemeAndColorModeContext();
 
   /**
    * Scale canvas using device pixel ratio to unblur drawn text
diff --git a/src/hooks/tradingView/useTradingView.ts b/src/hooks/tradingView/useTradingView.ts
index 756ecc2..68065d8 100644
--- a/src/hooks/tradingView/useTradingView.ts
+++ b/src/hooks/tradingView/useTradingView.ts
@@ -11,7 +11,7 @@ import { useDydxClient, useLocalStorage } from '@/hooks';
 import { store } from '@/state/_store';
 
 import { getSelectedNetwork } from '@/state/appSelectors';
-import { getAppTheme } from '@/state/configsSelectors';
+import { getAppTheme, getAppColorMode } from '@/state/configsSelectors';
 import { getSelectedLocale } from '@/state/localizationSelectors';
 import { getCurrentMarketId, getMarketIds } from '@/state/perpetualsSelectors';
 
@@ -30,6 +30,7 @@ export const useTradingView = ({
 }) => {
   const marketId = useSelector(getCurrentMarketId);
   const appTheme = useSelector(getAppTheme);
+  const appColorMode = useSelector(getAppColorMode);
   const marketIds = useSelector(getMarketIds, shallowEqual);
   const selectedLocale = useSelector(getSelectedLocale);
   const selectedNetwork = useSelector(getSelectedNetwork);
@@ -46,7 +47,7 @@ export const useTradingView = ({
   useEffect(() => {
     if (hasMarkets && isClientConnected && marketId) {
       const widgetOptions = getWidgetOptions();
-      const widgetOverrides = getWidgetOverrides(appTheme);
+      const widgetOverrides = getWidgetOverrides({ appTheme, appColorMode });
       const options = {
         // debug: true,
         ...widgetOptions,
@@ -75,7 +76,14 @@ export const useTradingView = ({
       tvWidgetRef.current = null;
       setIsChartReady(false);
     };
-  }, [getCandlesForDatafeed, isClientConnected, hasMarkets, selectedLocale, selectedNetwork, !!marketId]);
+  }, [
+    getCandlesForDatafeed,
+    isClientConnected,
+    hasMarkets,
+    selectedLocale,
+    selectedNetwork,
+    !!marketId,
+  ]);
 
   return { savedResolution };
 };
diff --git a/src/hooks/tradingView/useTradingViewTheme.ts b/src/hooks/tradingView/useTradingViewTheme.ts
index 6436063..b0ed677 100644
--- a/src/hooks/tradingView/useTradingViewTheme.ts
+++ b/src/hooks/tradingView/useTradingViewTheme.ts
@@ -3,8 +3,8 @@ import { useSelector } from 'react-redux';
 
 import type { IChartingLibraryWidget, ThemeName } from 'public/tradingview/charting_library';
 
-import { AppTheme } from '@/state/configs';
-import { getAppTheme } from '@/state/configsSelectors';
+import { AppColorMode, AppTheme } from '@/state/configs';
+import { getAppTheme, getAppColorMode } from '@/state/configsSelectors';
 
 import { getWidgetOverrides } from '@/lib/tradingView/utils';
 
@@ -29,6 +29,7 @@ export const useTradingViewTheme = ({
   isWidgetReady?: boolean;
 }) => {
   const appTheme: AppTheme = useSelector(getAppTheme);
+  const appColorMode: AppColorMode = useSelector(getAppColorMode);
 
   useEffect(() => {
     if (tvWidget && isWidgetReady) {
@@ -55,10 +56,24 @@ export const useTradingViewTheme = ({
             }
           }
 
-          const { overrides, studies_overrides } = getWidgetOverrides(appTheme);
+          const { overrides, studies_overrides } = getWidgetOverrides({ appTheme, appColorMode });
           tvWidget?.applyOverrides(overrides);
           tvWidget?.applyStudiesOverrides(studies_overrides);
+
+          // Necessary to update existing indicators
+          const volumeStudyId = tvWidget
+            ?.activeChart()
+            ?.getAllStudies()
+            ?.find((x) => x.name === 'Volume')?.id;
+
+          if (volumeStudyId) {
+            const volume = tvWidget?.activeChart()?.getStudyById(volumeStudyId);
+            volume.applyOverrides({
+              'volume.color.0': studies_overrides['volume.volume.color.0'],
+              'volume.color.1': studies_overrides['volume.volume.color.1'],
+            });
+          }
         });
     }
-  }, [appTheme]);
+  }, [appTheme, appColorMode]);
 };
diff --git a/src/hooks/useAppTheme.tsx b/src/hooks/useAppTheme.tsx
deleted file mode 100644
index 790cc89..0000000
--- a/src/hooks/useAppTheme.tsx
+++ /dev/null
@@ -1,16 +0,0 @@
-import { useSelector } from 'react-redux';
-import { ThemeProvider } from 'styled-components';
-
-import { AppTheme } from '@/state/configs';
-import { getAppTheme } from '@/state/configsSelectors';
-
-import { Themes } from '@/styles/themes';
-
-export const AppThemeProvider = ({ ...props }) => {
-    return <ThemeProvider theme={useAppThemeContext()} {...props} />
-};
-
-export const useAppThemeContext = () => {
-    const theme: AppTheme = useSelector(getAppTheme);
-    return Themes[theme];
-}
diff --git a/src/hooks/useAppThemeAndColorMode.tsx b/src/hooks/useAppThemeAndColorMode.tsx
new file mode 100644
index 0000000..08572fa
--- /dev/null
+++ b/src/hooks/useAppThemeAndColorMode.tsx
@@ -0,0 +1,18 @@
+import { useSelector } from 'react-redux';
+import { ThemeProvider } from 'styled-components';
+
+import { AppTheme, AppColorMode } from '@/state/configs';
+import { getAppTheme, getAppColorMode } from '@/state/configsSelectors';
+
+import { Themes } from '@/styles/themes';
+
+export const AppThemeAndColorModeProvider = ({ ...props }) => {
+  return <ThemeProvider theme={useAppThemeAndColorModeContext()} {...props} />;
+};
+
+export const useAppThemeAndColorModeContext = () => {
+  const theme: AppTheme = useSelector(getAppTheme);
+  const colorMode: AppColorMode = useSelector(getAppColorMode);
+
+  return Themes[theme][colorMode];
+};
diff --git a/src/icons/logo-short.tsx b/src/icons/logo-short.tsx
index 81ffe2f..a681fdc 100644
--- a/src/icons/logo-short.tsx
+++ b/src/icons/logo-short.tsx
@@ -1,7 +1,7 @@
-import { useAppThemeContext } from '@/hooks/useAppTheme';
+import { useAppThemeAndColorModeContext } from '@/hooks/useAppThemeAndColorMode';
 
 const LogoShortIcon: React.FC<{ id?: string }> = ({ id }: { id?: string }) => {
-  const theme = useAppThemeContext();
+  const theme = useAppThemeAndColorModeContext();
   const fill = theme.logoFill;
 
   return (
diff --git a/src/lib/tradingView/utils.ts b/src/lib/tradingView/utils.ts
index 5a50209..27c26b6 100644
--- a/src/lib/tradingView/utils.ts
+++ b/src/lib/tradingView/utils.ts
@@ -1,6 +1,6 @@
 import { Candle, TradingViewBar, TradingViewSymbol } from '@/constants/candles';
 
-import { AppTheme } from '@/state/configs';
+import { AppTheme, AppColorMode } from '@/state/configs';
 
 import { Themes } from '@/styles/themes';
 
@@ -47,8 +47,14 @@ export const getHistorySlice = ({
   return bars.filter(({ time }) => time >= fromMs);
 };
 
-export const getWidgetOverrides = (appTheme: AppTheme) => {
-  const theme = Themes[appTheme];
+export const getWidgetOverrides = ({
+  appTheme,
+  appColorMode,
+}: {
+  appTheme: AppTheme;
+  appColorMode: AppColorMode;
+}) => {
+  const theme = Themes[appTheme][appColorMode];
 
   return {
     overrides: {
diff --git a/src/state/configs.ts b/src/state/configs.ts
index 9da0355..db1b3e7 100644
--- a/src/state/configs.ts
+++ b/src/state/configs.ts
@@ -12,8 +12,14 @@ export enum AppTheme {
   Light = 'Light',
 }
 
+export enum AppColorMode {
+  GreenUp = 'GreenUp',
+  RedUp = 'RedUp',
+}
+
 export interface ConfigsState {
   appTheme: AppTheme;
+  appColorMode: AppColorMode;
   feeTiers?: kollections.List<FeeTier>;
   feeDiscounts?: FeeDiscount[];
   network?: NetworkConfigs;
@@ -41,6 +47,10 @@ const initialState: ConfigsState = {
     key: LocalStorageKey.SelectedTheme,
     defaultValue: AppTheme.Classic,
   }),
+  appColorMode: getLocalStorage({
+    key: LocalStorageKey.SelectedColorMode,
+    defaultValue: AppColorMode.GreenUp,
+  }),
   feeDiscounts: undefined,
   feeTiers: undefined,
   network: undefined,
@@ -61,6 +71,10 @@ export const configsSlice = createSlice({
       changeTheme(payload);
       state.appTheme = payload;
     },
+    setAppColorMode: (state: ConfigsState, { payload }: PayloadAction<AppColorMode>) => {
+      setLocalStorage({ key: LocalStorageKey.SelectedColorMode, value: payload });
+      state.appColorMode = payload;
+    },
     setConfigs: (state: ConfigsState, action: PayloadAction<Nullable<Configs>>) => ({
       ...state,
       ...action.payload,
@@ -72,4 +86,5 @@ export const configsSlice = createSlice({
   },
 });
 
-export const { setAppTheme, setConfigs, markLaunchIncentivesSeen } = configsSlice.actions;
+export const { setAppTheme, setAppColorMode, setConfigs, markLaunchIncentivesSeen } =
+  configsSlice.actions;
diff --git a/src/state/configsSelectors.ts b/src/state/configsSelectors.ts
index d83bd84..51dc198 100644
--- a/src/state/configsSelectors.ts
+++ b/src/state/configsSelectors.ts
@@ -2,6 +2,8 @@ import type { RootState } from './_store';
 
 export const getAppTheme = (state: RootState) => state.configs.appTheme;
 
+export const getAppColorMode = (state: RootState) => state.configs.appColorMode;
+
 export const getFeeTiers = (state: RootState) => state.configs.feeTiers?.toArray();
 
 export const getFeeDiscounts = (state: RootState) => state.configs.feeDiscounts;
diff --git a/src/styles/themes.ts b/src/styles/themes.ts
index 4b910c5..3db52b8 100644
--- a/src/styles/themes.ts
+++ b/src/styles/themes.ts
@@ -1,9 +1,9 @@
-import { AppTheme } from '@/state/configs';
-import type { ThemeColors } from '@/constants/styles/colors';
+import { AppTheme, AppColorMode } from '@/state/configs';
+import type { Theme, ThemeColorBase } from '@/constants/styles/colors';
 import { ColorToken, OpacityToken } from '@/constants/styles/base';
 import { generateFadedColorVariant } from '@/lib/styles';
 
-const ClassicTheme: ThemeColors = {
+const ClassicThemeBase: ThemeColorBase = {
   layer0: ColorToken.GrayBlue7,
   layer1: ColorToken.GrayBlue6,
   layer2: ColorToken.GrayBlue5,
@@ -52,7 +52,7 @@ const ClassicTheme: ThemeColors = {
   tooltipBackground: generateFadedColorVariant(ColorToken.GrayBlue3, OpacityToken.Opacity66),
 };
 
-const DarkTheme: ThemeColors = {
+const DarkThemeBase: ThemeColorBase = {
   layer0: ColorToken.Black,
   layer1: ColorToken.DarkGray11,
   layer2: ColorToken.DarkGray13,
@@ -101,7 +101,7 @@ const DarkTheme: ThemeColors = {
   tooltipBackground: generateFadedColorVariant(ColorToken.DarkGray6, OpacityToken.Opacity66),
 };
 
-const LightTheme: ThemeColors = {
+const LightThemeBase: ThemeColorBase = {
   layer0: ColorToken.White,
   layer1: ColorToken.LightGray6,
   layer2: ColorToken.White,
@@ -150,8 +150,22 @@ const LightTheme: ThemeColors = {
   tooltipBackground: generateFadedColorVariant(ColorToken.LightGray7, OpacityToken.Opacity66),
 };
 
-export const Themes = {
-  [AppTheme.Classic]: ClassicTheme,
-  [AppTheme.Dark]: DarkTheme,
-  [AppTheme.Light]: LightTheme,
+const generateTheme = (themeBase: ThemeColorBase): Theme => {
+  return {
+    [AppColorMode.GreenUp]: themeBase,
+    [AppColorMode.RedUp]: {
+      ...themeBase,
+      // #InvertDirectionalColors
+      positive: themeBase.negative,
+      negative: themeBase.positive,
+      positiveFaded: themeBase.negativeFaded,
+      negativeFaded: themeBase.positiveFaded,
+    },
+  };
+};
+
+export const Themes = {
+  [AppTheme.Classic]: generateTheme(ClassicThemeBase),
+  [AppTheme.Dark]: generateTheme(DarkThemeBase),
+  [AppTheme.Light]: generateTheme(LightThemeBase),
 };
diff --git a/src/views/dialogs/DisplaySettingsDialog.tsx b/src/views/dialogs/DisplaySettingsDialog.tsx
index 1cdd030..1e84c48 100644
--- a/src/views/dialogs/DisplaySettingsDialog.tsx
+++ b/src/views/dialogs/DisplaySettingsDialog.tsx
@@ -5,8 +5,8 @@ import { Root, Item, Indicator } from '@radix-ui/react-radio-group';
 
 import { useStringGetter } from '@/hooks';
 
-import { AppTheme, setAppTheme } from '@/state/configs';
-import { getAppTheme } from '@/state/configsSelectors';
+import { AppTheme, AppColorMode, setAppTheme } from '@/state/configs';
+import { getAppTheme, getAppColorMode } from '@/state/configsSelectors';
 
 import { layoutMixins } from '@/styles/layoutMixins';
 import { Themes } from '@/styles/themes';
@@ -26,6 +26,7 @@ export const DisplaySettingsDialog = ({ setIsOpen }: ElementProps) => {
   const stringGetter = useStringGetter();
 
   const currentTheme: AppTheme = useSelector(getAppTheme);
+  const currentColorMode: AppColorMode = useSelector(getAppColorMode);
 
   const sectionHeader = (heading: string) => {
     return (
@@ -56,13 +57,13 @@ export const DisplaySettingsDialog = ({ setIsOpen }: ElementProps) => {
           <Styled.AppThemeItem
             key={theme}
             value={theme}
-            backgroundcolor={Themes[theme].layer2}
-            gridcolor={Themes[theme].borderDefault}
+            backgroundcolor={Themes[theme][currentColorMode].layer2}
+            gridcolor={Themes[theme][currentColorMode].borderDefault}
             onClick={() => {
               dispatch(setAppTheme(theme));
             }}
           >
-            <Styled.AppThemeHeader textcolor={Themes[theme].textPrimary}>
+            <Styled.AppThemeHeader textcolor={Themes[theme][currentColorMode].textPrimary}>
               {stringGetter({ key: label })}
             </Styled.AppThemeHeader>
             <Styled.Image src="/chart-bars.svg" />