Need a formula

I am novice at best when it comes to anything related to formulas! I collect data in a grid format starting with a "Date Created" column. In a 24 hour period there are typically 50-60 entries. Each entry collects two points of data, in this case Weight and Gauge of material. Each column compares actual to a specification and is color coded red, green yellow. I created a separate grid that that I am filling out manually based on the collected information: Below is what I am manually collecting:

I need a formula to calculate this automatically.

Any help would be appreciated!

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