eq8 is probably the most used live device - it's extremely powerful & at the same time really easy to use. despite this, there may be a number of less obvious features you aren't using that are time-saving & in some cases eye-opening. I find these to be tragically underused, so I'll detail some of them here.

 
 

selecting multiple bands

some of the best eq techniques involve the interaction of multiple bands - a subtle cut beside a boosted hump can go a long way in creating balanced & natural adjustments to your sound. I personally used live's eq for years without knowing about the drag-box-select, but by selecting multiple nodes, you can lock in these relationships when you move your eq curves as needed. just click & drag over as many or as few nodes as you want. 

 
select multiple bands ableton live eq8
 

adjusting q

you might not know you can edit a band's q right from the graphical interface. hold down alt/option & drag up & down on a node to make the adjustment. I find this useful to avoid having to break my workflow when setting gains & frequencies, which I prefer to do using the graphical interface. this can also combine with the previous technique to adjust all q's at once.

 
eq8+option+alt+drag+edit+q+setting+tutorial.gif
 

scale & inverse

if your eq isn't doing enough work globally, the scale value will let you emphasize existing bands (or ease them off if they're too strong). what's cool is you can lower this into negative values to invert the curve. if you have two sounds that are fighting each other, you might find it useful to boost the important bits on one, copy the eq to the other, & inverse it to give yourself a starting point on getting the two sounds to behave with one another.

 
scale & invert ableton live eq 8
 

expanded display

you can expand eq8 by clicking the arrow beside the device name, the benefits of which are twofold: for one, you get more room to view your curve & spectrum. you'll also find your band controls become organized in a more console/rack unit fashion which may feel more natural. if the idea of the expanded view gets you excited, it's good to know you can extend this as large as your screen by dragging from the top. if you really need to get into the details, this level of magnification will ensure you don't miss a thing. 

 
 
expand eq8 display ableton live

spectrum tweaks

getting a visual look at your sound's spectrum can help you understand its frequency content & while you don't want to become overly reliant on it (use your ears), you can turn this option on with the button in the upper right. in the expanded view, you can get more control over the behavior of the spectrum overlay - essentially, these will allow it to become more accurate at the cost of cpu. I recommend maximizing accuracy by setting "block" to the largest value & "refresh" & "avg" to the lowest. you can than collapse the expanded view & save these settings into the default preset (via the context menu) to always have the most detail.

 
refresh rate spectrum ableton live 9 eq8
 

reset all gains

sometimes, nodes/bands are best used as markers & placeholders. a novel strategy when mixing is to copy an eq to a competing instrument & reset all gains. this will show you where the important frequencies are in the other sound as a reference for setting the new curve. of course, this can also be a handy feature for starting over if you feel you've done too much.

 
reset all gains ableton live
 

oversampling

I've beat the oversampling/hi-quality horse to death by this point, but I would be remiss not to include it in this list for those that haven't dug through the context menu. unless you are really fighting high cpu (& you can learn ways to alleviate that here), this should probably be saved into your default preset.

 
ableton eq 8 oversampling hi quality mode
 

m > s, s < m; l > r, r < l

if you're taking advantage of eq8's split modes, you'll love this time-saving tip. in the context menu, you can copy your mid curve to your sides curve or vice versa. this is really useful for giving yourself a starting point when you switch between them. of course, the copy feature also works for l/r mode if you find yourself using it..

 
ableton eq a to b a/b
 

& that's all. I hope you found or remembered a feature of the eq8 that you'll find useful! let me know your favorite via twitter.