From the manual...
█ Black - Free Action
█ Red - Cannot Cancel
█ Green - Cancelable on HIT (Damaging, Guard, Shield included)
█ Blue - Ordinarily Cancelable on anything
█ Yellow - Cancelable on a Damaging HIT
█ Orange
On the right side during normals: Jump Cancel
On the right side during specials: EX Cancelable
Notes:
- "Damaging HIT" means a hit that deals damage, chip damage not included.
- Instant Heat is available for all colours (provided that conditions are met) except Black, Red, and Blue.
- The status bar will NOT tell you if your special has an extension to be canceled into. (Rekkas, Black Keys, etc)
- Sometimes the status bar is split into two, denoting normal and special properties in a move.
[Normal][Special]
Here are some examples to help identify the properties:
F/H-Kouma's 6c:
████████████████ means:
Given that you landed a damaging HIT [Yellow], you may only Jump Cancel, and given that you HIT [
Green], you may also cancel into a Special/EX Special. Instant Heat available if [Yellow] or [
Green] is satisfied.
H-Moon's 5A6AA (Last A):
████████████████ means:
Given that [Yellow] is satisfied, you may cancel into a normal, a move of higher hierarchy(Special/EX), or Jump Cancel. Satisfying Special's [
Green] yields the same effect above.(cancel into Special/EX)
C/F/H-Nanaya's 623B (Still on the ground):
████████████████ means:
EX cancelable given any condition, Instant Heat is available because of it!
F-Nanaya's 623BB:
████████████████ means:
Given [Yellow], only Jump Cancel is available, Special side's [
Red] indicates Special/EX uncancelable. Instant Heat available if [Yellow] is satisfied.
F-Miyako's 421B (On HIT, whiffing gives a status bar of [
Red]):
████████████████ means:
Given [
Blue], only Jump Cancel is available, but because of [
Blue] you cannot Instant Heat!
Edit: Added more info + examples