How do I create a new formula function?

I am trying to create a planning function of type formula. How ever the text area for me to write the formula is greyed (disabled)? Can somebody tell me why?
Here is what I tried.
step 1: Create Planning Function after I choose a planning level.
step 2: Enter function name and description when system prompts me and click the tick at the left bottom.
step 3: System displays the screen for me to choose "Fields to be changed" and Fields for
condition"
I am not able to find any place where I can write the script. Where is the place for me to input /edit the script?
I then tried to create a parameter group, when I create the parameter group, system displays an editor. But it is disabled. I am sure I am in the change mode, not display mode. Why does the system grey the text editor ?
Thanks a lot for your help!

You have select atleast one characteristic as Fields to be changed.
only then you will see Formula editor getting enabled. (Note that, you can write the code in the Formula editor only in the Parameter group.
Regards,Vj

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