Quick Answer: Clicking on the Reset button undos all changes made to this chord, whereas the ReCalc button recalculates an area to make it fit with the surrounding chords and scales.
Reset and ReCalc button in Liquid NotesIn Liquid Notes chords are displayed as vertical bars with control elements for making adjustments to chords, tension and function. At the upper end of that vertical bar the buttons Reset and ReCalc are located just underneath the chord symbol and its color bar.
The Reset button is used to undo all previous changes made to this chord, no matter how many changes were applied - i.e. the chord will return to its original state reported by the harmonic analysis of Liquid Notes when opening the project (Note: There is no Back button in Liquid Notes.).
The ReCalc button is used to recalculate an area to make the melody fit optimally within the context of the surrounding chords and scales. Click on this button whenever you feel that the results of the harmonic analysis of Liquid Notes when opening a project did not correctly identify chords and melody.