The GraphicOut command is like the Processing command (Main folder) as it calls an instance of ScopeView to display waveforms. However, it is different in the way that it does not execute a test. For more details on how to use this command, please refer to the ScopeView documentation.
An example for this command would be to add it at the end of a script, to observe the different signals from all tests in the same ScopeView window.