If it's greyed-out on that track, that particular track doesn't require it. Try with one of the songs where the preview waveform doesn't appear.
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I shifted from RB5 to RB^ and i can't see the waveform, hot cues and BPM on many tracks, Sharing screenshot for reference. Even the New Analysis Data is Grayed out.
Please Help!!!
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If it's greyed-out on that track, that particular track doesn't require it. Try with one of the songs where the preview waveform doesn't appear.