In FCP, you can switch the waveform monitor between its two different modes. There is a setting for either “luminance” or “saturation”. Luminance should correspond to Y mode, or “low pass” or “lpass” mode on a hardware waveform monitor. “Saturation” should correspond to a hardware waveform monitor with low pass turned off; it will show you the composite signal, a composite of both the luma (Y) and chroma.
In older versions of FCP, there are some inaccuracies in the scopes.
– They only sample every few lines; they don’t sample every pixel. In the latest version of FCP, FCP will sample every pixel when the video is not playing.
– They clip superblacks (levels below black level). Not sure if this has been fixed (haven’t checked).
– This doesn’t really relate to the scopes, but sometimes the broadcast colors filter won’t be applied when rendering. So the scopes may show legal levels, but the rendered video does not have legal levels.
Not sure if this has been fixed (haven’t checked).