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WaveRider is an AAX plug-in that detects the audio signal level of the inserted tracks and writes real-time volume automation information on the relevant Pro Tools tracks.
The main advantage of Wave Rider over standard dynamics control plug-ins is that Wave Rider attenuates or increases the levels depending on the incoming level, resulting in a smooth, uncolored signal. After an automation pass, Wave Rider can be taken off the track, and the automation can be altered if so desired.