Linux:Play with your PS1

Confused?
Well lets see
PS1 is primary prompt string used in bash Viz.,
[name@mylinux name]$
How can i see its setting in my bash ?

[name@mylinux :~] $echo $PS1
Output:[\u@\h:\w] $
How can it be customized?
Bash allows customization of PS1 by inserting the backslash which are provided.Following are the list 

• \a : an ASCII bell character (07)
• \d : the date in "Weekday Month Date" format (e.g., "Tue May 26")
• \D{format} : the format is passed to strftime(3) and the result is inserted into the prompt string; an empty format results in a locale-specific time representation. The braces are required
• \e : an ASCII escape character (033)
• \h : the hostname up to the first '.'
• \H : the hostname
• \j : the number of jobs currently managed by the shell
• \l : the basename of the shell’s terminal device name
• \n : newline
• \r : carriage return
• \s : the name of the shell, the basename of $0 (the portion following the final slash)
• \t : the current time in 24-hour HH:MM:SS format
• \T : the current time in 12-hour HH:MM:SS format
• \@ : the current time in 12-hour am/pm format
• \A : the current time in 24-hour HH:MM format
• \u : the username of the current user
• \v : the version of bash (e.g., 2.00)
• \V : the release of bash, version + patch level (e.g., 2.00.0)
• \w : the current working directory, with $HOME abbreviated with a tilde
• \W : the basename of the current working directory, with $HOME abbreviated with a tilde
• \! : the history number of this command
• \# : the command number of this command
• \$ : if the effective UID is 0, a #, otherwise a $
• \nnn : the character corresponding to the octal number nnn
• \\ : a backslash
• \[ : begin a sequence of non-printing characters, which could be used to embed a terminal control sequence into the prompt
• \] : end a sequence of non-printing characters

so if i make PS1="\d \h $ " ,output of bash PS1 will be "Wed May 18 server $ "
How to Add colours?
List of color equivalences

Black 0;30 Dark Gray 1;30 Blue 0;34 Light Blue 1;34 Green 0;32 Light Green 1;32 Cyan 0;36 Light Cyan 1;36 Red 0;31 Light Red 1;31 Purple 0;35 Light Purple 1;35 Brown 0;33 Yellow 1;33 Light Gray 0;37 White 1;37

So if you replace 0 with 1 it will become dark color !
Note
Non-printing escape sequences have to be enclosed in \[\033[ and \]. For colour escape sequences, they should also be followed by a lowercase m.
so if you need to make it blue ,PS1 will be appended with \[\033[34m\].Got it !!

PS1="\[\033[34m\][\$(date +%H%M)][\u@\h:\w]$ "

To be continued