[itsme]

No. When you enter a song with any text editor, you type the chords in [] within the lyrics. Usually programs that display ChordPro set the chord above the character following the closing bracket ].
Get examples from e.g. https://www.chordie.com/browsesong.php and try it yourself.
In MSP: "Place Chords Above Text" like the other settings in Settings - Text File Settings is valid program-wide. Other settings like the font sizes are per song.