FWIW ... 

About 10 years ago, I hired a lawyer who specialized 
in product liability for a 2 day seminar for engineers 
and marketing types. 

After alot of nit-picking, it was concluded that RED 
lamps or indicators weren't to be used for things 
that had anything to do with power. At the bottom of 
the argument was an ON/OFF switch which used a red 
lamp to indicate 'ON". His literal interpretation of 
the color RED be it in a lamp or even on a label was 
"Hands off", "Danger", etc ...  An indication of something bad. 

We changed over to a power switch with a Green lamp 
to indicate "ON". Since then, I have imposed green LEDs 
for switches, power modules, etc ... to indicate "ON", 
"Everything's OK", etc ...  An indication of something good. 

Red LEDs are used ONLY for alarm indicators (telco). 

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