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The Paulding Light appears to hover and move along a power line right of way. The colors shift continuously - red and white are the most common although green and blue have been reported. It appears almost every night and the fullness and brightness of the moon has no effect on whether it will appear or not.
While the story surrounding the phenomenon asserts that the lights have been visible since the start of the twentieth century, the first documented sighting was by a group of teenagers in 1966.
Several amateur studies have been conducted, all of them concluding that the lights are the result of the mid-1960s rerouting of US 45, giving the viewing spot a slightly angled view of sporadic traffic along the new highway. The colors then match headlights, tail lights, and the warning lights of the occasional emergency vehicle.