I like the traffic light analogy too: you cross the intersection when it is clear, and a breaker indicator is green when it is has cleared.
As for the origination, don't know, but it's been almost always been around power plants as far as I can tell. Looking at my antique book library (Audel's New Electric Library, 1st Print 1931), volume VI has a chapter about substations, and an example used was a General Electric Supervisory Controller for dispatch stations (the birth of SCADA?) The front of this supervisory controller was full of indicator lights for each station switch position: red=closed, green=open, white=Automatic (tripping) operation, and amber for synchronzing local & remote circuit-selection relays that coordinated alignment for opening/closing desired circuit.