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To color-code specific text, select the cells that contain (or will contain) the text that you want color-coded. In the example above, I have selected cells B2:B27.
Learn how to find and replace Text Color in Excel. The classic Find and Replace feature can be used to change the color of text in Excel.
The default active cell format in Microsoft Excel isn't all that easy to see, but you can use this easy-to-implement code solution to change that.
To count colored cells in Microsoft Excel, you may use the Find and Select tool or the Excel Filter and SUBTOTAL() function.
TL:dr; How do I format cells with a color based upon absolute value without changing the actual values in the cells to absolute values?