The present invention discloses a method, device, terminal setting and readable storage medium for correcting mixed color. The method first acquiring color coordinates of standard mixed color and color coordinates of mixed color to be corrected, when the first difference coordinates of the two color coordinates exceed preset threshold, calculating a ratio of Y coordinate and X coordinate of the first difference coordinates to obtain first ratio, calculating coordinates difference between the first color coordinates and color coordinates of each monochromatic light to obtain difference coordinates to be processed, calculating ratios of Y coordinate and X coordinate of each difference coordinates to be processed to obtain ratios to be processed, selecting monochromatic light corresponding to a ratio to be processed with the smallest difference from the first ratio as monochromatic light to be adjusted, then realizing color correction by adjusting color channel value of the monochromatic light to be adjusted.