Multi Meter Indicator (MMI) for Meta Trader 5 Download - Free - [Trading Finder]

The Multi Meter Indicator (MMI) is a trend strength display tool that uses 9 volatility indicators available on MetaTrader 5 (MT5) for traders.

The MM indicator is a display that shows nine different indicators for easier analysis, such as the Parabolic SAR and Stochastic Oscillator with a 14-period, in the lower right corner of the chart for traders.

The MM indicator can help traders analyze trends and assess the strength of buyers and sellers in the market.

Indicator table

Buy Signal of the Indicator

In the 30-minute (XAUUSD) chart, the MM indicator has issued a buy signal by analyzing 9 different indicators, all of which indicate an upward market trend.

The trader, upon seeing the signal and analyzing the data, can enter a buy trade (BUY). 

Sell Signal of the Indicator

In the daily (NAS100) chart, the MM indicator has issued a sell signal by analyzing 9 different indicators, all of which indicate a downward market trend.

 Upon seeing the signal and analyzing the data, the trader can enter a sell trade (SELL).

Indicator settings 

• StockValues: Stochastic Oscillator;
• Stock_K: Select the K value of the Stochastic Oscillator;
• Stock_D: Select the D value of the Stochastic Oscillator;
• Stoch_Slowing: Select the slow line value of the Stochastic Oscillator;
• MA_Values: Moving Average;
• MA_Period: Select the period of the Moving Average;
• MA_Shift: Calculate the Moving Average from which past candle;
• MACD_Values: MACD Indicator;
• MACD_Period1: Select the period for MACD FAST MA;
• MACD_Period2: Select the period for MACD SLOW MA;
• MACD_Period3: Select the period for the MACD Signal;
• MAXVALUES: MAX Indicator;
• FastLWMA: Select the period of the Linear Weighted Moving Average for the MA-X indicator;
• SlowSMA: Select the period of the Simple Moving Average for the MA-X indicator;
• PSARValues: Parabolic SAR (Parabolic SAR);
• PSAR_STEP: Select the step value for the Parabolic SAR;
• PSAR_MAX: Select the maximum value for the Parabolic SAR.

Summary

The Multi Meter (MM) indicator consolidates 9 Metatrader 5 indicators into a single histogram, preventing chart clutter and reducing trader confusion.

The MMI histogram simplifies chart analysis by displaying trend strength and buy/sell pressure in the market, making it more accessible for traders.