Suppose you've measured the area of each nucleus and, with a second engine, the area of its cytoplasm. Neither number is the size of the cell. Their sum is, and that is the first example in the Engines Reference: a derived measurement called Total Cell Area, built from the nucleus and cytoplasm areas.
Derived Measurements sits under the layer's Measurements, Add Measurements (advanced). It generates new measurements from existing ones using basic arithmetic, in two combinations: measurement and measurement, or measurement and a user-defined value. Its controls manage a list: New defines a derived measurement, Edit changes one, Remove deletes one and Remove All clears them all.
The second example converts units. Event distances are usually computed in pixels, and multiplying by the pixel size gives micrometers. You can find or edit the pixel size in the FOV Size window, in the project's Properties list in the Main Window.
The reference doesn't list the operators by name; its examples use addition and multiplication. It describes no functions such as log or square root and no formulas of more than two terms, and it doesn't say whether one derived measurement can feed another. For arithmetic on images pixel by pixel, rather than on measurements, use the Arithmetic operationsLoading... of the Basic Operations Module. The Statistics Report's Derived Statistics do the same kind of arithmetic one level up, on whole-sample statistics.
Source: StrataQuest 8.1 Engines Reference, ch. 13 (pp. 403–404), ch. 6.1 (p. 22); User Manual (p. 234).