SharePoint RAG Indicator

If you need to create a RAG indicator, or other type of status indicator, it is a fairly simple process.​ I have found a site that walks through both the 2007 and 2010 setups for creating these indicators. It is not an overwhelmingly difficult task but it does require you to use SharePoint Designer, formulas, and a calculated column. Sarah Haase has a very nice blog about SharePoint which answered the question perfectly.

The steps for this are in the following link:
http://sarahlhaase.wordpress.com/2012/06/06/using-calculated-columns-to-add-color-coding-to-your-sharepoint-lists/