Studio version, they play it a little different live, you can find the live 
version here: http://www.thehenningsensfans.com/lyrics-tabs/tabs/color-red/

You can play this song several ways. I think the easiest one is with a half step down 
tuned guitar. If you want to play it standart tunning click transpose -1 and play F#,E,B, 
A#m, D#m instead of G, F, C, Bm and Em).
If you want a easier version with a capo, click tranpose -5 and play D,C, G, F#m and Bm, 
and with a capo on the 4th fret :)

GG FC  G (320003@1)GA (320003@1)blood moon of a neon sign
GYou've (320003@1)got no good on your mind
    F (133211@1) C (x32010@1)             GAnd (320003@1)  I  hear the color red
GSaw (320003@1)your neighbor smiling there
GHitting (320003@1)at her on the chair
   F (133211@1)CAnd (x32010@1)I  hear the color red

G(palm (320003@1)mute)                         Bm (x24432@1)                 BmI (x24432@1)don't blame you but what he's taken just ain't worth his life
G (320003@1)                        Bm (x24432@1)        CHallelujah, (x32010@1)I can't let you kill a man tonight,
                            Em (022000@1)                              CCause (x32010@1)I'm all that you have left, and you're standing on the edge
             G (320003@1)G (320003@1)F (133211@1) COf (x32010@1)the color red

GA (320003@1)45 on the shotgun seat
GCold (320003@1)steel just needing heat
    F (133211@1)C (x32010@1)               GAnd (320003@1)  I   hear the color red
GTraitor's (320003@1)kiss on an innocent cheek
GStole (320003@1)the land from beneath your feet
    F (133211@1)C (x32010@1)               GAnd (320003@1)  I   hear the color red

G(palm (320003@1)mute)                         Bm (x24432@1)                 BmI (x24432@1)don't blame you but what he's taken just ain't worth his life
G (320003@1)                         Bm (x24432@1)       CHallelujah, (x32010@1)I can't let you kill a man tonight,
                                Em (022000@1)                          CWhen (x32010@1)you think you have lost it all and you don't have far to fall,
             G (320003@1)GTo (320003@1)the color red

F (133211@1)C (x32010@1)              GI (320003@1)   hear the color red
G (palm mute)
Down at the coffee shop, hear the man talking
G (palm mute)
Pats you back while he is picking your pocket
F (133211@1) C (x32010@1)            GI (320003@1)  hear the color red
G (palm mute)
Blood in the water, big red tractor
G (palm mute)
Auctioning it's chance like a bad man's laughter
F (133211@1) C (x32010@1)           GI (320003@1)  hear the color red
      Em (022000@1)  D (xx0232@1)        C (x32010@1)                     GAnd (320003@1)I know sometimes a brother needs a helping hand
Em (022000@1)     D (xx0232@1)                            CMay (x32010@1)be a sin but I'm sure the lord will understand
C (palm mute)
Why I had to steal your gun

G(palm (320003@1)mute)                         Bm (x24432@1)                 BmI (x24432@1)don't blame you but what he's taken just ain't worth his life
G (320003@1)                         Bm (x24432@1)         CHallelujah, (x32010@1)I can't let you go out there tonight,
          Em (022000@1)              CCause (x32010@1)I'm all that you have left, and you're standing on the edge
G (320003@1)GOf (320003@1)the color red
         F (133211@1)C (x32010@1) GOf (320003@1)the color red
GOf (320003@1)the color red
         F (133211@1)COf (x32010@1)the color red