How to Show Values in Traffic Light Colors in Salesforce?

#1MinuteTip #BestAnswers Came across this question on Trailblazer Community:

“I am trying to create a traffic light formula field as a way of displaying a risk scoring system. I currently have a red, yellow, green light formula but I want to add two more options to display two other colours. Is this possible?”

And here is the answer posted by one of the Trailblazers.

Show Values in Traffic Light Colors

References & Useful URLs

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