Signals & Chart Anatomy
AIMS Wave Overlay brings the canonical 4-colour AIMS Wave candlestick momentum mapping directly to your main price chart window.
4-Colour Candlestick Momentum Mapping
The indicator evaluates the Awesome Oscillator (AO = SMA_5 - SMA_34 of median price) on every closed candle and colors both candle bodies and wicks:
Color State Matrix
| Color State | Condition | Market Phase | Default Color |
|---|---|---|---|
| 🟢 Lime / Light Green | AO >= 0 and AO >= AO_prev | Bullish Acceleration (Impulse wave up) | C'34,177,76' |
| 🟢 Dark Green | AO >= 0 and AO < AO_prev | Bullish Deceleration (Corrective wave / pullback in uptrend) | clrForestGreen |
| 🔴 Red | AO < 0 and AO <= AO_prev | Bearish Acceleration (Impulse wave down) | C'237,28,36' |
| 🔴 Maroon / Crimson | AO < 0 and AO > AO_prev | Bearish Deceleration (Corrective wave / pullback in downtrend) | clrMaroon |
Core Trading Psychology
- Bright Colors (Lime Green & Bright Red): Momentum is aggressively expanding in the direction of the dominant wave. Traders look for high-velocity breakout entries or hold existing trend runners.
- Dark Colors (Dark Green & Maroon): Momentum is contracting or undergoing a corrective counter-trend wave. Traders should avoid chasing breakouts, protect open profits, or prepare for pullback continuation entries.
Programmatic Buffers (iCustom Integration)
| Buffer Index | Name | Type | Value States | Description |
|---|---|---|---|---|
| 0 | WaveColorBuffer | DRAW_NONE | 0.0, 1.0, 2.0, 3.0 | 0.0 = Lime, 1.0 = Dark Green, 2.0 = Red, 3.0 = Maroon |