Took a while to find this:
A “save-on-delta” type of test compares
the actual waveform against a
high and
low limit. The limits are set as toler-
ances compared to a reference wave-
form. If the acquired data passes out-
side the limits, the digitizer can take an
action (beep, GPIB SRQ, etc.).
From Page 15 of
this publication. (My
emphasis)
As for this:
... Do all oscilloscopes have it?
Yes, in a manner of speaking, but not with that name.
Most scopes can be programmed (or adjusted) to trigger a "scan" when a waveform being tested reaches, for example, a pre-set voltage level (a "high or low limit").