The invention provides a visual relay protection setting calculation system and method, and relates to the field of relay protection. According to the using characteristics of power consumers, the visual setting calculation system integrated multiple functions is developed and comprises a man-machine interaction interface module, a calculation module, a data management module and a report generation module. The visual relay protection setting calculation method comprises the steps that drawing of a geographical wiring diagram is finished, a network topology structure is formed by the geographical wiring diagram, node numbering and branch node numbering are automatically finished according to the geographical wiring diagram, and short-circuit calculation is carried out by calling essential data; a setting calculation principle and a formula are stored in the calculation module, stand-by data are formed according to the setting calculation principle, system setting calculation data are formed by the stand-by data and the essential data, and the system gives an alarm when a protection constant value is larger than a set threshold value; finally, a report is generated by calculation results to be output. According to the visual relay protection setting calculation method, short-circuit calculation results are directly called in a setting calculation part, the calculation time can be saved, the report can be singly generated by the calculation data of each module, and subsequent analyzing and processing can be conveniently achieved.