You can change the width, line width, height, sensitivity, number of bands (peaks), and color through the "Edit variables" context menu option
When launching the skin for the first time, the spectrum width is automatically adjusted based on your computer's CPU usage
Clarification: The "Wave" visualizer is not an oscilloscope (sine wave or time-domain signal). It simply plots intepolated frequency band values as points connected by a smooth line
GIF was recorded in ScreenToGif