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Formula field values do not exist in the database and are calculated on demand (e.g. when querying their value). These therefore are not searchable.

Follow these steps to navigate to the formula editor. From Setup, open the Object Manager and click Opportunity. In the left sidebar, click Fields & Relationships. Click New. Select Formula and click Next. In Field Label, type My Formula Field. ... Select the type of data you expect your formula to return. ... Click Next.

Field History Tracking cannot be set on Formula fields as per Standard functionality. However, this can be worked around by creating a custom field, tracking that one, and make sure it's updating it with a flow to retain the same values as the Formula field.

Technically, Validation rule in Salesforce contains a formula or expression that evaluates the data in one or more fields in a record to meet the standards and return a value ?True? or ?False?. Moreover, Validation rule displays error message to the user when the condition is ?True?.

As with any other custom Salesforce field, formula fields are created by following just a handful of steps: Access the Object Manager from Setup ? navigate to the object you wish to create the Formula Field on. Click New in the Field and Relationship section of the Object you decide on. Select Formula as the field type.

Salesforce Formula Field is a read-only field that derives its value from a formula expression you define. The formula field is updated when any of the source fields change. Sometimes we need to change the value based on the other source field value then we need a formula field. Formula Field in a read-only field.

Character limit ? Formula fields can contain up to 3,900 characters, including spaces, return characters, and comments. If your formula needs more characters, create separate formula fields and reference them in another formula field.