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.

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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.

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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.

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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.

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Explore the Indicator Guide

• Signals & Chart Anatomy: Wave color coding, acceleration markers, and candle highlights.
• Settings & Inputs Reference: Period smoothing, visual customizations, and alert triggers.
• Strategy & Confluence Workflows: Trading full Elliott Wave cycles directly from the main chart overlay.