You can fake conditional formatting in Page Designer through the use of layers: To do so, you define a formula field for each possible status and then ‘stack’ them, with the color of each individual field configured appropriately. For instance, if your [actual] status field is called {Status}, and it has the possible values of 'Good', 'Warn', and 'Poor', your first conditional status field would be {GoodStatus}, with the formula IF({Status}='Good',{Status}). Your other two conditional fields would be configured similarly.
Finally, {GoodStatus}, {WarnStatus}, and {PoorStatus} would be set to the same dimensions and have the same X/Y origin — but {GoodStatus} would have a green text color, while {WarnStatus}'s would be yellow and {PoorStatus}'s red. Since two of the three conditional status fields in a record would be empty, only the valid, color-coded status is visible. To display the status of multiple records, you’d concatenate all instances of each conditional status fields into a single field, using the newline character ('\n') as separator, and then layer the concatenated fields, colored appropriately. The process is both easier and more annoyingly time-consuming than it sounds — but with it one can do some pretty amazing things.
I’ve published several example bases demonstrating this technique. Probably the best introduction is item 5 from this reply; it includes a couple of sample Page Designer images, along with links to the bases used to generate them.
