The Waveforms area contains settings you can use to enable waveforms for display in the timeline.

Waveforms Enabled buttonEnables or disables waveform display.

Build on Import/Input buttonEnables or disables automatic waveform building on import from file or input from tape.

Auto Display buttonEnable to display waveforms on all audio timeline segments by default.

Waveforms Pending fieldIf you captured a lot of audio and Build on Import/Input is enabled, waveforms may take time to process. In this case, use this locked field to determine how many clips have not yet had their waveforms built.