I'm not much of a coder, but with all the capabilities in Carrara, is there a way I can generate a Sine Wave Scroller text?

Here is an example of what  Sine Scroller text looks like:
http://www.youtube.com/watch?v=8jNsIQpBgHA

The example you see would have been programmed in C or Machine Language with a 8 or 16 color Bitmap for the fonts.