Every new terminal gets the next color (and icon) in a rotation, so you can tell your terminals apart at a glance.
Press ⌘T (macOS) or Ctrl+Alt+T (Windows/Linux): green → blue → yellow → magenta → cyan → red → green …
Shortcuts
macOS
Windows / Linux
Action
⌘T
Ctrl+Alt+T
New terminal in the next color
⌘W
Ctrl+Shift+W
Close the focused terminal
⇧⌘T
Ctrl+Shift+T
Show / hide the terminal panel
Tab / Ctrl+Shift+Tab
Tab / Ctrl+Shift+Tab
Next / previous terminal (opt-in, see below)
You can also run Terminal: New Terminal (Next Color) from the Command Palette.
Settings
terminalColorCycle.colors — the rotation. Each entry has a color (terminal.ansiRed, terminal.ansiGreen, … terminal.ansiWhite) and an optional icon (codicon name).
terminalColorCycle.tabSwitchesTerminals (default false) — make Tab / Ctrl+Shift+Tab switch between terminals while a terminal is focused. This replaces tab completion in your shell.