Determine font color based on background color

I encountered similar problem. I had to find a good method of selecting contrastive font color to display text labels on colorscales/heatmaps. It had to be universal method and generated color had to be "good looking", which means that simple generating complementary color was not good solution - sometimes it generated strange, very intensive colors that were hard to watch and read.

After long hours of testing and trying to solve this problem, I found out that the best solution is to select white font for "dark" colors, and black font for "bright" colors.

Here's an example of function I am using in C#:

Color ContrastColor(Color color)
{
    int d = 0;

    // Counting the perceptive luminance - human eye favors green color... 
    double luminance = ( 0.299 * color.R + 0.587 * color.G + 0.114 * color.B)/255;

    if (luminance > 0.5)
       d = 0; // bright colors - black font
    else
       d = 255; // dark colors - white font

    return  Color.FromArgb(d, d, d);
}

This was tested for many various colorscales (rainbow, grayscale, heat, ice, and many others) and is the only "universal" method I found out.

Edit
Changed the formula of counting a to "perceptive luminance" - it really looks better! Already implemented it in my software, looks great.

Edit 2 @WebSeed provided a great working example of this algorithm: http://codepen.io/WebSeed/full/pvgqEq/

Just in case someone would like a shorter, maybe easier to understand version of GaceK's answer:

public Color ContrastColor(Color iColor)
{
   // Calculate the perceptive luminance (aka luma) - human eye favors green color... 
   double luma = ((0.299 * iColor.R) + (0.587 * iColor.G) + (0.114 * iColor.B)) / 255;

   // Return black for bright colors, white for dark colors
   return luma > 0.5 ? Color.Black : Color.White;
}

Note: I removed the inversion of the luma value (to make bright colors have a higher value, what seems more natural to me and is also the 'default' calculation method.

I used the same constants as GaceK from here since they worked great for me.

(You can also implement this as an Extension Method using the following signature:

public static Color ContrastColor(this Color iColor)

You can then call it via foregroundColor = background.ContrastColor().)

Thank you @Gacek. Here's a version for Android:

@ColorInt
public static int getContrastColor(@ColorInt int color) {
    // Counting the perceptive luminance - human eye favors green color...
    double a = 1 - (0.299 * Color.red(color) + 0.587 * Color.green(color) + 0.114 * Color.blue(color)) / 255;

    int d;
    if (a < 0.5) {
        d = 0; // bright colors - black font
    } else {
        d = 255; // dark colors - white font
    }

    return Color.rgb(d, d, d);
}

And an improved (shorter) version:

@ColorInt
public static int getContrastColor(@ColorInt int color) {
    // Counting the perceptive luminance - human eye favors green color...
    double a = 1 - (0.299 * Color.red(color) + 0.587 * Color.green(color) + 0.114 * Color.blue(color)) / 255;
    return a < 0.5 ? Color.BLACK : Color.WHITE;
}