Improve color recognition

Is there an exercise that is focused primary on understanding the color of the squares in terms of strength and weaknesses? In other words, is there an exercise that can strengthen your ability in detecting weaknesses and strengths in squares? 

Noticing them is pretty easy, but effectively using them (or whether their use is beneficial at all) is what makes it hard.  I can guess you're likely talking about not only noticing, but also making use of.  I'm not aware of any systematic treatment of color complexes, other than as chapters in strategy books.  You can also run into these themes by going over GM games either in a book or online in some collection.

The basic idea is you can use those squares as outposts for your pieces to attack the surrounding squares.

If you were only talking about noticing, a simple exercise is to compare the potential influence each player has on a set of squares.   Mostly note where the pawns are.  If your opponent has many pawns advanced or has many pawns on one color, then he's lost the ability to influence the squares left behind, or the squares on the opposite color.

Also notice when they're laking a bishop, this means they've lost a bit of potential influence over the color as compared to your pieces.  Other times loss of influence may be because his pieces physically can't get to that area without spending many many moves, so effectively they're not even in the game as far as that area or color complex is concerned.

They are all black & white really.

Psychotropic-drugs can jazz it up a little if you feel you need to...

So I'm just overthinking about it then, seems like every pawn move, a new weaknesses is created as you have just said,the square behind that pawn becomes weaker. I guess I need to develop the ability to keep track of all the potential weaknesses the opponent and I could theoretically create.  

I guess it depends on how deep you can calculuate. If you calculate very deep, logically, you should be able to incorporate that weakness into your long term plan. 

The squares (with reference to colour) are of course equal until the layout of the board is considered.

No point thinking light/dark squares until this is understood.

It's more about intuition which you build up with experience.

Yeah, I agree with pretty much everything posted so far.  Oh, you could eat more carrots (shouldn't hurt, might help improve colour recognition).

sftac

ps.  At your level, just avoiding making more too many blunders would be progress I imagine.  You could replay your lost games from time to time, perhaps enlist the aid of an engine that explains why this or that was bad  (I find ChessMaster 10th Edn, just fine for that).