I can't stress enough how important this would be to all model builders on the team. I would only like to point out that while the colorful highlighting is nice to have, the ability to add new line & indent while reading or editing the formula (similarly to how formulas are currently displayed when using Drill Down) would drastically improve readability by itself. This would be a huge quality of life improvement as going back to edit/read/understand/rewrite lengthy formulas would become much easier.
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