These are post-processing effects that you can add to any 2D or 3D layer. Currently available in this category are Grayscale, Color Grading, Color Correction and Gain.
Most of these color corrections operate by affecting different tonal ranges of the picture. In general there are three main areas which will be affected by different dedicated color correction effects, these are:
As you can see in the figure above, Lift affects mainly the darker and black tones of your picture.
As you can see in the figure above, Gamma Color Correction affects mainly the midtones of your picture, leaving the blacks and whites mostly untouched.
As you can see in the figure above, gain affects mainly the brighter and white tones of your picture.
As you can see in the figure above, Offset just moves up or down the whole curve, so it darkens or lightens the whole picture; shadows, mid-tones and highlights.
You can check this picture for a reference of the areas which will be affected for each color correction operation. These areas are often known as Tonal Ranges, and they can be described using different names like Blacks, Low Lights or Shadows for the darker areas, Midtones for the intermediate range, and Highlights or Whites for the lighter areas:
In the figure above, you can see the usual HSV Color Corrections and how they operate.
A simple Grayscale effect that turns the layer colors to different shades of grey - in the picture you can see the color correction applied to the righ side and the original image on the left. RGB channels are balanced to follow the YUV standard color levels, but those default values can be changed in the parameters and some presets are available.
These are the Presets available:
These are the Parameters available:
A color correction effect, featuring some of the standard color correction/color grading properties, mostly based on individual controls for each of the three RGB image channels - in the picture you can see the color correction applied to the righ side and the original image on the left.
These are the Parameters available:
A color correction effect, featuring some of the standard color correction properties, very similar to Color Grading, but more focused on the HSL/HSV Color model (see above) - in the picture you can see the color correction applied to the righ side and the original image on the left.
These are the Parameters available:
A quick Gain color correction effect, very similar to the Gain parameters shown above. - in the picture you can see the color correction applied to the righ side and the original image on the left.
It features these parameters:
A simple inversion of each Color and/or Alpha Channel. In the picture you can see the inversion applied to the right side and the original image on the left.
It features these Parameters: