Also @Anti-Furry Warrior it does infact change emotes, some emotes are not changed of course but those with effects are changed to the color you have selected, and also shades are still there, so it is all shades of that color specifically depending on the move or emote. When you select your color that is your color for ALL effects, moves and emotes for all characters and saves across servers, so for new colors if you switch characters and want something else you'll have to go back in settings to change it.