I would like to know if I can create an "overall status" custom field that shows me three different statuses - "Completed(green)", "Not Completed(red)", "In Progress(yellow)" similar to "status" field that is available in JIRA.
I am looking for something similar shown in the attachment.
No. The Status "field" is not doing what you've said here, and it's not a field anyway, it's an indicator of where the issue is in the workflow.
You should look instead at the Status Category, which shows you "to do", "in progress" and "done".
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