# AIMS Wave Overlay Indicator (MT4)

**AIMS Wave Overlay** bridges the gap between sub-window momentum oscillators and main chart price action by projecting the core principles of the **AIMS Wave** directly onto your MetaTrader 4 candlestick charts.

Instead of constantly shifting your eyes between the sub-window and candles, Wave Overlay color-codes candlesticks and displays dynamic wave progression markers right where you execute orders.

***

## What Problem Does It Solve?[​](#what-problem-does-it-solve "Direct link to What Problem Does It Solve?")

In fast-moving markets, looking down at sub-window oscillators can cause execution hesitation. AIMS Wave Overlay solves this by:

* Mapping Elliott Wave 1-2-3-4-5 momentum directly onto price bars.
* Highlighting momentum acceleration vs deceleration through visual candle coloring.
* Alerting traders the instant a Wave 3 breakout or Wave 5 exhaustion print appears on the main chart.

***

## Core Features at a Glance[​](#core-features-at-a-glance "Direct link to Core Features at a Glance")

* **On-Chart Momentum Projection**: Displays wave oscillator transitions directly on your candlestick chart.
* **Wave 3 Acceleration Alerts**: Identifies peak momentum velocity bars on closed candles.
* **Wave 5 Divergence Highlighting**: Flags potential exhaustion zones right on the price wicks.
* **Zero Repaint Engineering**: All overlays calculate and freeze upon candle close.

***

## 4-Step Quickstart[​](#4-step-quickstart "Direct link to 4-Step Quickstart")

1. **Installation**: Copy `AIMSWaveOverlay.ex4` to your MetaTrader 4 `MQL4/Indicators/` folder.
2. **Chart Attachment**: Apply to any liquid asset from **M5** to **Daily**.
3. **Color Preferences**: Customize bullish and bearish overlay colors to match your dark or light chart theme.
4. **Execution Protocol**: Combine Wave Overlay signals with AIMS Box support/resistance levels.

***

## Explore the Indicator Guide[​](#explore-the-indicator-guide "Direct link to Explore the Indicator Guide")

* **[Signals & Chart Anatomy](/indicators/wave-overlay/docs/signals.md)**: Wave color coding, acceleration markers, and candle highlights.
* **[Settings & Inputs Reference](/indicators/wave-overlay/docs/settings.md)**: Period smoothing, visual customizations, and alert triggers.
* **[Strategy & Confluence Workflows](/indicators/wave-overlay/docs/strategy.md)**: Trading full Elliott Wave cycles directly from the main chart overlay.