Try the following:
// calculate rotation based on target
_dx = _root.hero.x-this.x;
_dy = _root.hero.y-this.y;
// The full distance is missing from your AS3 code
_dist = Math.sqrt(_dx*_dx+_dy*_dy);
// Return the old good approach for finding angle
angle = Math.atan(_dy/_dx)/(Math.PI/180);
if (_dx<0) {
_angle += 180;
}
if (_dx>=0 && _dy<0) {
_angle += 360;
}
wall_collision = 0;
OuterLoop: for (var xi=1; xi<=_dist; xi++)
{
var point_x:Number = this.x + xi*Math.cos(_angle*Math.PI/180);
var point_y:Number = this.y + xi*Math.sin(_angle*Math.PI/180);
if(_root.wall.hitTestPoint(point_x, point_y, true))
{
trace("HIT");
wall_collision = 100;
break OuterLoop;
}
}
_root.sight.x = this.x;
_root.sight.y = this.y;
_root.sight.rotation = _angle;
// Alpha changed from [0, 100] scale to [0, 1] scale.
_root.sight.alpha = (100 - wall_collision) * 0.01;