What is the red/ blue? Normally one field is blue, the other green. Check with key "in run" that you have battery voltage to the blue field wire. Disconnect the green in subdued light, and connect/ disconnect it a couple times. You should be able to see a small spark.
If you have voltage at the blue, take a clip wire and jumper the remaining field terminal to ground, with that same field wire disconnected. Run the car, slowly bring up RPM Monitor battery voltage it should rise. If not monitor the alternator output stud and repeat. If it rises quite high, you have a break in the path from alternator output to the battery. IF that terminal stays low, around 12--12.5 it is not charging.
If not make sure field is drawing current. Ground either field terminal, connect remaining to battery, and measure current through it with your meter. Should draw 3 to 5 A or so.