Rainbow Display
In the Audio Editor or in the Audio Montage window, the Rainbow display assigns colors to the waveform, based on the frequency content.
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To see the Rainbow view of an audio file in the Audio Editor or the Audio Montage window, click Rainbow (1) at the bottom of the window.
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To customize the display, click the Settings button (2).
As a result, the Rainbow Waveform Settings dialog is opened, where you can set the corresponding parameters.