'What You See is What You Don't Get' may be a good description of the relative meter indications of the complex wave as viewed on either the PPM or VU meter. There are advantages to both displays. The obvious answer is a dual-function display. This paper describes an LED arrangement which indicates with both VU ballistics and peak indications on a single display. Representative program material will be presented to demonstrate the effectiveness of the ballistics of this device on the measurement of the complex wave.
https://www.aes.org/e-lib/browse.cfm?elib=11960
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