On the topic of TCAS...
Is it all automatic (alarm ranges etc) or can you change the settings?
How does it work out which aircraft takes what action for resolution?
Does it issue alerts while in high traffic areas (eg, morning holds around LHR)?
TCAS is one of the great inventions of aviation. It is very simple to work with, is easy to understand, and as far as I know has never failed as long as the instructions were actually followed.
The pilots just turn it on or off. Whilst we can change the displayed aircraft (i.e. looking above or below), we can't change anything about how it operates. When both aircraft are fitted with it, the systems will coordinate their response, so that both crews will be given the appropriate solutions for their aircraft. It may actually decide to take aircraft through the same level (if high rates of climb or descent are involved). It can handle multiple targets, so that if the response causes a second issue, it will come up with another solution in turn. Looking at it in the sim, as it threads the needle between multiple contacts is interesting, to say the least.
In a busy hold, it simply shows the other aircraft...I've never heard a peep out of it in that scenario. Rates of descent are low, so even with the close spacing, it won't see a false threat.
If only one aircraft has TCAS, it will simply respond to whatever it sees.
All solutions are in the vertical plane...it never looks at turns.
Whilst I've heard that some aircraft have autopilot responses to an RA, most are manual. The inputs required are quite gentle, and should not be an issue for unrestrained passengers.