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I think what you probably want for this is the InStr Performance Equation. As long as none of the other unit/component names or the times has the word running in it, you should get a false positive. Then you could do an IF/ELSE to set the result value to 1 is the sub-string ("RUNNING") is found. e.g.
IF Instr(<Tagname>, RUNNING)>0 THEN 1 ELSE 0
Thanks a lot. It helped and I was able to create the syntax for my requirement.