diff --git a/README.md b/README.md
index adb783e6..ac6df5c0 100644
--- a/README.md
+++ b/README.md
@@ -212,6 +212,45 @@ You can see theme screenshots on [wiki/Themes](https://github.com/Bash-it/bash-i
 
 **NOTE**: Bash-it and some themes use UTF-8 characters, so to avoid strange behavior in your terminal, set your locale to `LC_ALL=en_US.UTF-8` or the equivalent to your language if it isn't American English.
 
+### Color Schemes
+
+In addition to the several dozen themes, you can alter the coloring of the prompt components using an optional color scheme. The color scheme definitions are located in `$BASH_IT/colorschemes` folder, and follow a naming convention `<name>.colorscheme.bash`. You can set the color scheme with `BASH_IT_COLORSCHEME` variable, by assigning it the `<name>` portion of the color scheme filename.
+
+#### Why use color schema? 
+
+If you are using iTerm, for instance, then you have access to an environment variable iTerm sets, called `ITERM_PROFILE`. This allows you to choose a different prompt coloring depending on, say, if you are using a light iTerm color theme or a dark one. Here is an example:
+
+```bash
+# Set this variable before loading bash_it.sh
+if [[ "${ITERM_PROFILE}" =~ "Light" ]]; then
+  export BASH_IT_COLORSCHEME=light
+else
+  export BASH_IT_COLORSCHEME=dark
+fi
+
+source "${BASH_IT}"/bash_it.sh
+```
+
+You may place color scheme files in the following three locations (they are searched in this order) — in the example below we assume your color scheme is called "salmon":
+
+ 1. In your home directory:  
+    `~/.salmon.colorscheme.bash`
+
+ 2. In Bash-It's `custom` folder:  
+    `${BASH_IT}/custom/salmon.colorscheme.bash`
+
+ 3. In Bash-It's colorscheme folder:  
+    `${BASH_IT}/colorschemes/salmon.colorscheme.bash`
+
+Here is an example of the light terminal theme with a "light" BASH_IT color scheme:
+
+![light](images/light-colorscheme.png)
+
+And here is a dark terminal theme with a "dark" `BASH_IT` color scheme:
+
+![dark](images/dark-colorscheme.png)
+
+
 ## Uninstalling
 
 To uninstall Bash-it, run the `uninstall.sh` script found in the `$BASH_IT` directory:
diff --git a/colorschemes/dark.colorscheme.bash b/colorschemes/dark.colorscheme.bash
new file mode 100644
index 00000000..9a8503e2
--- /dev/null
+++ b/colorschemes/dark.colorscheme.bash
@@ -0,0 +1,8 @@
+CLOCK_THEME_PROMPT_COLOR=92
+CWD_THEME_PROMPT_COLOR=29
+HOST_THEME_PROMPT_COLOR=6
+SCM_THEME_PROMPT_CLEAN_COLOR=4
+SCM_THEME_PROMPT_DIRTY_COLOR=214
+SCM_THEME_PROMPT_STAGED_COLOR=30
+SCM_THEME_PROMPT_UNSTAGED_COLOR=129
+USER_INFO_THEME_PROMPT_COLOR=196
diff --git a/colorschemes/light.colorscheme.bash b/colorschemes/light.colorscheme.bash
new file mode 100644
index 00000000..f90a30fa
--- /dev/null
+++ b/colorschemes/light.colorscheme.bash
@@ -0,0 +1,9 @@
+CLOCK_THEME_PROMPT_COLOR=214
+CWD_THEME_PROMPT_COLOR=123
+HOST_THEME_PROMPT_COLOR=9
+RUBY_THEME_PROMPT_COLOR=202
+SCM_THEME_PROMPT_CLEAN_COLOR=50
+SCM_THEME_PROMPT_DIRTY_COLOR=9
+SCM_THEME_PROMPT_STAGED_COLOR=121
+SCM_THEME_PROMPT_UNSTAGED_COLOR=210
+USER_INFO_THEME_PROMPT_COLOR=46
diff --git a/images/dark-colorscheme.png b/images/dark-colorscheme.png
new file mode 100644
index 00000000..08768272
Binary files /dev/null and b/images/dark-colorscheme.png differ
diff --git a/images/light-colorscheme.png b/images/light-colorscheme.png
new file mode 100644
index 00000000..05503f20
Binary files /dev/null and b/images/light-colorscheme.png differ
diff --git a/themes/base.theme.bash b/themes/base.theme.bash
index 44ccb402..f0864cf4 100644
--- a/themes/base.theme.bash
+++ b/themes/base.theme.bash
@@ -513,6 +513,8 @@ function __check_precmd_conflict() {
 function safe_append_prompt_command {
     local prompt_re
 
+    prompt_colorscheme
+
     if [ "${__bp_imported}" == "defined" ]; then
         # We are using bash-preexec
         if ! __check_precmd_conflict "${1}" ; then
@@ -542,3 +544,19 @@ function _save-and-reload-history() {
   local autosave=${1:-0}
   [[ $autosave -eq 1 ]] && history -a && history -c && history -r
 }
+
+function prompt_colorscheme {
+   [[ -z "${BASH_IT_COLORSCHEME}" ]] && return
+
+   local -a colorscheme_locations=(
+     "${HOME}/.${BASH_IT_COLORSCHEME}.colorscheme.bash"
+     "$BASH_IT/custom/${BASH_IT_COLORSCHEME}.colorscheme.bash"
+     "$BASH_IT/colorschemes/${BASH_IT_COLORSCHEME}.colorscheme.bash"
+   )
+
+   for scheme_file in ${colorscheme_locations[@]}; do
+     if [[ -f ${scheme_file} ]]; then
+       source "${scheme_file}"
+     fi
+   done
+}
diff --git a/themes/powerline-multiline/powerline-multiline.theme.bash b/themes/powerline-multiline/powerline-multiline.theme.bash
index 54651cb6..583905fc 100644
--- a/themes/powerline-multiline/powerline-multiline.theme.bash
+++ b/themes/powerline-multiline/powerline-multiline.theme.bash
@@ -92,3 +92,4 @@ POWERLINE_LEFT_PROMPT=${POWERLINE_LEFT_PROMPT:="scm python_venv ruby node cwd"}
 POWERLINE_RIGHT_PROMPT=${POWERLINE_RIGHT_PROMPT:="in_vim clock battery user_info"}
 
 safe_append_prompt_command __powerline_prompt_command
+