# What Is AIMS Wave?

**AIMS Wave** (license name: **The Elliott Wave Indicator**) labels Elliott wave structure on your chart — main impulse, pullback, late extension — and shows how much room is left before the next likely stall zone. On **MT5** it also appears as the **Wave** tab inside the [Confluence Indicator Suite](/indicators/confluence/docs/features/unified-dashboard.md). On **TradingView** it runs as invite-only Pine scripts (**Free**, **eWaves Super**, **eWaves Pro** *(publish pending)*).

Structure for review — not orders

Wave labels and target zones are **chart information** for your review. They are not automatic trade instructions and they do not replace your trading plan. Not financial advice.

![What is AIMS Wave? — Stop Chasing Wave 3, Enter Wave 4](/img/indicators/aims-wave/what-is-aims-wave-thumbnail.png)

What is AIMS Wave? — Stop Chasing Wave 3, Enter Wave 4Watch Video

## Stop Guessing Which Wave You're In[​](#stop-guessing-which-wave-youre-in "Direct link to Stop Guessing Which Wave You're In")

AIMS Wave answers three core structural questions on every chart:

| Question               | What AIMS Wave shows                                                                                   |
| ---------------------- | ------------------------------------------------------------------------------------------------------ |
| **Which wave?**        | Numbered labels on completed structure (for example Wave 3 impulse, Wave 4 pullback, Wave 5 extension) |
| **How much room?**     | Target zone lines and distance to the next likely stall area                                           |
| **Is rhythm aligned?** | Companion histogram / rhythm panel (build-dependent)                                                   |

### 🌊 10-Second Elliott Wave Interactive Trainer

Explore Wave LobesPractice Quiz

Wave 1



(



Cycle Birth



)Wave 2



(



Pullback



)Wave 3



(



The Beast



)Wave 4



(



The Setup



)Wave 5



(



Divergence



)Limbo State



(



Equilibrium



)

Wave 3



:



The Beast

Core Edge ★

The tallest, highest-momentum lobe on the entire histogram! This is where institutional trend acceleration occurs and the primary AIMS edge lives.

Ask iMi AI: "How do I master



Wave 3



in live trading?" 🤖

![AIMS Wave on TradingView — Elliott wave count labels and Wave 5 prediction context](/img/indicators/aims-wave/intro/wave-hero-tv.png)

\*\*TradingView\*\* — on-chart wave count with target context. Read labels on \*\*closed\*\* bars, not mid-candle noise.

## Wave Phases at a Glance[​](#wave-phases-at-a-glance "Direct link to Wave Phases at a Glance")

| Phase          | Label           | Typical use                                                                                                                                 |
| -------------- | --------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| Main impulse   | **Wave 3**      | Directional leg with room to target — often supports continuation reads                                                                     |
| Pullback       | **Wave 4**      | Controlled correction — pair with [AIMS Box Setup 1](/indicators/aims-box/docs/strategy-foundation/aims-box-rules.md) when structure aligns |
| Late extension | **Wave 5**      | Extension into target zones — reward often shrinks; review quality carefully                                                                |
| Stall risk     | **Target zone** | Price reaches a projected zone — completion or reversal risk rises                                                                          |

Teaching point: wave count is a **structural hypothesis** on completed bars. If labels disagree with recent price action, wait for the indicator to refresh after structure closes.

## On-Chart Display & History Rule[​](#on-chart-display--history-rule "Direct link to On-Chart Display & History Rule")

Besides any dashboard tab (MT5 suite), AIMS Wave draws on the chart:

* **Wave labels** — annotated wave numbers on price structure.
* **Target zone markers** — areas where extension or completion risk often rises.
* **Rhythm / histogram tools** — companion visual for wave rhythm.

### History Bars (100–150 Rule)[​](#history-bars-100150-rule "Direct link to History Bars (100–150 Rule)")

AIMS Wave needs enough **closed bars** before Elliott counts stabilize. Load **roughly 100–150 bars** on your symbol and timeframe so you can see a full **1–5 impulse sequence** without the count resetting every few candles.

| Check                         | Why it matters                                    |
| ----------------------------- | ------------------------------------------------- |
| Zoom out or scroll left       | Short history hides Wave 4–5 context              |
| Match timeframe to your setup | M5/M15 teaching examples use different bar counts |
| Wait after attach             | Labels populate after sufficient history loads    |

![MT5 chart — step 1 of the 100–150 bars rule for Elliott wave context](/img/indicators/confluence/mt5/wave-context/correct-bars-calculations-3.png)

\*\*MT5\*\* — confirm enough history is visible before trusting wave labels.

## How Wave Fits the iTradeAIMS Stack[​](#how-wave-fits-the-itradeaims-stack "Direct link to How Wave Fits the iTradeAIMS Stack")

On MT5, **Setup 1 Confluence** fuses **AIMS Wave** + **AIMS Box Setup 1** lifecycle. Wave stage affects quality tiers (HIGH, CAUTION, AVOID) — not just the Box tab alone.

| Wave context                               | Typical confluence effect                              |
| ------------------------------------------ | ------------------------------------------------------ |
| Early impulse (Wave 3) with room to target | Supports HIGH or ARMED when Box is READY               |
| Pullback (Wave 4) with Box Setup 1 READY   | Often **ARMED** — structure valid, waiting on breakout |
| Late extension near target zone 1          | **CAUTION** — limited reward to next target            |
| Counter-wave risk elevated                 | Downgrades quality even if Box looks READY             |

Full suite walkthrough: [AIMS Wave in the Confluence suite](/indicators/confluence/docs/features/aims-wave-in-suite.md) · [How confluence works](/indicators/confluence/docs/strategy-foundation/how-confluence-works.md).

## Platforms & Visual Gallery[​](#platforms--visual-gallery "Direct link to Platforms & Visual Gallery")

The same wave lifecycle is implemented separately for **MetaTrader 5** and **TradingView**. UI shells differ; the review habit does not.

MetaTrader 4

There is **no shipping MT4 Wave build**. See [Start on MT4](/indicators/aims-wave/docs/mt4.md) for the status page.

### TradingView[​](#tradingview "Direct link to TradingView")

[AIMS Wave — Free Version](https://www.tradingview.com/script/hLCuslH8-AIMS-Wave-TV/)

Core Elliott wave count, labels, and rhythm read on chart.

[AIMS eWaves Super](https://www.tradingview.com/script/YwVEiQRj-iTradeAIMS-AIMS-eWaves-Super/)

Super edition — Elliott wave labels, target zones, rhythm panel, and Wave 5 prediction context on chart.

[AIMS eWaves Pro — Invite / publish pending](/indicators/aims-wave/docs/tradingview/ewaves-pro.md)

Premium wave-count lane — scored multi-degree Elliott counts, completed-cycle persistence, W4 forecast pockets, TZ targets, and dashboard. Open the eWaves Pro docs while the TradingView URL is pending.

![AIMS Wave TV — Elliott wave count on TradingView chart](/img/indicators/aims-wave/tradingview/elliott-waves-count-1.png)

\*\*TradingView\*\* — wave count and structure labels on a live chart.

### MetaTrader 5 (Suite)[​](#metatrader-5-suite "Direct link to MetaTrader 5 (Suite)")

![AIMS Wave on MetaTrader 5 — Wave tab, wave count labels 3–5, and TZ1 target line](/img/indicators/aims-wave/mt5/wave-hero-dashboard.png)

\*\*MT5\*\* — iTradeAIMS Dashboard Wave tab with on-chart labels and target zone.

## Installation & Next Steps[​](#installation--next-steps "Direct link to Installation & Next Steps")

1. [Choose your platform](/indicators/aims-wave/docs/get-started.md)
2. **TradingView** — [Get access](/indicators/aims-wave/docs/tradingview/access.md) → [Quick start](/indicators/aims-wave/docs/tradingview/quick-start.md) → [Chart walkthrough](/indicators/aims-wave/docs/tradingview/chart-examples.md)
3. **MT5** — [Start on MT5](/indicators/aims-wave/docs/mt5.md) → [Install](/indicators/aims-wave/docs/mt5/install.md) → [Quick start](/indicators/aims-wave/docs/mt5/quick-start.md) → [Wave tab in the suite](/indicators/confluence/docs/features/aims-wave-in-suite.md)
4. [FAQ](/indicators/aims-wave/docs/support/faq.md) if labels are missing or counts look stale

## Related[​](#related "Direct link to Related")

* [AIMS Box](/indicators/aims-box/docs/intro.md) — structure boxes that pair with wave pullback reads
* [The Banana Indicator](/indicators/banana/docs/intro.md) — pullback continuation signals; Banana Confluence uses wave context on MT5
* [The Confluence Indicator Set](/indicators/confluence/docs/intro.md) — unified dashboard orchestrating Box, Wave, Bubble, and Banana