With Smart Proxy enabled, Yes Smart Proxy is “on” by default using X4, but some versions of VS were Off by default.
1 / Files will be created when they are first inserted to the timeline.
2 / you will see them first in the Proxy Queue Manager, they are being converted, this can take a long time, the type of file and its length, your PC speed will determine how long it takes. I cannot possibly give a time. Can you fill in your profile to include your PC specification……………
3 / once converted the proxy files can seen in the Proxy File Manager list.
4 / Small icons are added to the clips within the timeline, these indicate different editing’s, adding filters etc, unfortunately there is no list or description of these.
The Smart Proxy looks like a double icon.
5 / closing Video Studio will terminate the proxy file creation. Be Patient, but consider your PC speed.
Smart Proxy will cure playback problems when using Video Studio, it will not cure any inherent problems that the video file may have.
So If you have used other software to convert and are still having problems then I would suspect your video file or your PC speed rather than the software (VS)