Rich text Typewriter

I used this and it works just fine for me.

local label = game:GetService("Players").LocalPlayer.PlayerGui:WaitForChild("ScreenGui").Frame.TextLabel
label.MaxVisibleGraphemes = 0
local text = "testttt <font color=\"#FFA500\">color change</font>. testt"
local length = string.len(text)

for i = 1,length,1 do
	label.Text = text
	label.MaxVisibleGraphemes = i
	task.wait(.02)
end

Edit: Added video

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