ogdens replied to Razor Romero's question in Capture
The "red no signal" means the RGC Device is not seeing a valid signal from your Xbox 360 .
In your Xbox settings make sure you have the Output set to a specific value 1080i/720p, and not left to 'auto sense'.
You may not need a "splitter" you new TV may have the correct input. Your TV probably has a shared component and composite video input
Need the make and model # of you new TV?.
Here is an example of a shared jack: