Auto Track Color Mode?

The online manual says it should be under Preferences > Event Display > Tracks.

However, the only option I see there is Default Track Name Width.

Thank you! Somehow that eluded me, even when I thought I scrutinized the preferences. Also doesn’t help that I was looking at the Cubase 9.5 online manual I guess… Seems like they’ve moved this setting around a few times.

I find colors in Cubase 10.5 to be VERY confusing! They seem to have a mind of their own and NO ONE on YouTube can explain to novice users how to use colors. The architecture is as pathetic as styles are in MS Word.