The only coloured bands on German 20mm AP projectiles which are shown in my source are:
Near the tip:
- yellow = HE
- blue = incendiary
- yellow over green = HE self-destruct
The addition of a red band around the base of any of the above indicates a tracer (the dim tracer has a slightly darker and wider band).
The colours may of course fade over time.
No band means just a plain AP
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