Can a child field be referenced in a formula field on the parent model?

I have a model with 2 child relationships on them with LIMIT 1 specified.

I’d like to find the greater value of two fields on these 2 child objects and put them into a formula field on the parent object. Is this possible?

How would I go about referencing the child objects in a formula on the parent object?

I believe you can use merge syntax in the formula to reference the child record data. Lemeno

If (
{{$}} > {{$}},

Thank you this works!