VSCode-EmmyLua
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Most of the code is pink
My theme doesn't have pink color anywhere

That pink color hints you the variable is Global, it recommends you use local variables as possible as you can. Such as function myfunc -> local function myfunc .
And light green means a parameter,variables with under line means up-value.
These colors can be customized:settings|extensions|emmylua
I see, that's semantic highlighting. That's ok if it can be disabled completely
"emmylua.semantic.coloring.enabled": false e.g.