If you chose the Expanded View or All Channels View of the Histogram palette, you can choose a setting from the Channel menu. Photoshop remembers the channel setting if you switch from either Expanded View or All Channels View back to Compact View.
In the All Channels View, choose Show Channels In Color from the Palette menu.
In Expanded View or All Channels View, choose an individual channel from the Channel menu and choose Show Channels In Color from the Palette menu. If you switch to Compact View, the channel continues to be shown in color.
In Expanded View or All Channels View, choose Colors from the Channel menu to show a composite histogram of the channels in color. If you switch to Compact View, the composite histogram continues to be shown in color.