Yes, Script Studio has a Writing Mode Toolbar for Screenplay, Novel or Regular mode.
When you select Novel Mode Script Studio automatically changes the format of your script view to manuscript view and adjusts the margins and auto-formatting settings to the default values or your customized values which can be modified via Preferences > Novel Options.
Your outline and novel can then be navigated by Chapters instead of Steps and Chapter Headings with divider images are included at the top of each chapter/step by default.
You can customize lthe layout, chapter heading labels and positioning and choose different dividers from the Divider Gallery — or disable this feature completely.
Novel Mode is very flexible and can be used for a novel or a short story and customized to suit your needs and writing style.