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I want A1 on Sheet1 to change color based on specific text in cell B1 on Sheet2 or even different Book...is that even possible with custum formula?

Tnx in advance

P.S. =ISText(indirect("Sheet2!B1")) this is working but dosent matters what text i put in and i want it to be specific word.

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Use Regexmatch instead of Istext :

=REGEXMATCH(indirect("Sheet2!B1"),"specific string to check")

The second argument of regexmatch is a regular expression so you can use operator like |,.,/ or escape them with \. Also be sure to pay attention at lower/upper case issues because it's case-sensitive.

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