Use these buttons to change formulas ordering. This can make sense in case particular formula (study) draws thick/wide lines/objects and will overdraw previous studies.
Ex. MAIN study should be always first as it may overdraw other study lines.
Update Mode setting defines the formula refreshing frequency:
On Each Tick means that the formula will be recalculated each time data feeder triggers new tick event.
On Each Bar means that it will be recalculated on start of each new bar.
Important! Use update on each tick mode for all studies that are critical to real time data, such as MAIN (to display real time data).
Please, be careful using update on each tick mode with highly complex formulas which are require a lot of calculations as this can slow down the application.