Risk Status on my Smartsheet using formulas


I am using Blue, Green, Yellow and Red for my project status - I have a formula around it that will change the color accordingly.  What I want to do is if the color ever turns Yellow or Red log it as a risk in another column.  I can get it to work but if it is ever a risk I want it to remain a risk even if the task turns back to Blue or Green.  That way I can keep up with what has been and is a risk to the project.

I would also like for it to auto number my risk if there is any way possible? 

Any suggestions or examples?



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