Multi Meter Indicator (MMI) for MetaTrader 5 — Free Download

The Multi Meter Indicator (MMI) is a trend strength display tool designed for MetaTrader 5 (MT5) that consolidates nine volatility indicators into a single, user-friendly interface.
This integration aids traders in analyzing market trends and assessing the strength of buyers and sellers without cluttering the chart

💎source :
https://tradingfinder.com/products/indicators/mt5/multi-meter-free-download/

💎free indicator download:
https://cdn.tradingfinder.com/file/247874/multi-meter-mt5-by-tflab-v1-2.zip

Functionality

The MMI displays nine different indicators, including the Parabolic SAR and a 14-period Stochastic Oscillator, in the lower right corner of the chart. This consolidated view enables traders to:

• Analyze Trends: Evaluate the current market direction.
• Assess Strength: Determine the momentum of buyers and sellers.

💵Signal Generation

• Buy Signal: In a 30-minute XAUUSD chart, the MMI issues a buy signal when all nine indicators suggest an upward trend. Traders can consider entering a buy position upon analyzing this data.
• Sell Signal: In a daily NAS100 chart, the MMI provides a sell signal when all indicators point toward a downward trend. This insight allows traders to consider initiating a sell position.

✏️Customization Settings

Traders can tailor the MMI to their strategies through various settings:

• Stochastic Oscillator:
• Stock_K: Set the %K period.
• Stock_D: Set the %D period.
• Stoch_Slowing: Adjust the slowing value.

• Moving Average (MA):
• MA_Period: Define the MA period.
• MA_Shift: Specify the shift value.
• MACD Indicator:
• MACD_Period1: Set the fast MA period.
• MACD_Period2: Set the slow MA period.
• MACD_Period3: Define the signal line period.

• MA-X Indicator:
• FastLWMA: Set the Linear Weighted MA period.
• SlowSMA: Define the Simple MA period.
• Parabolic SAR:
• PSAR_STEP: Adjust the step increment.
• PSAR_MAX: Set the maximum value.

🔍Summary

The Multi Meter Indicator streamlines market analysis by integrating multiple indicators into a single histogram, reducing chart clutter and enhancing clarity. This tool is invaluable for traders seeking a comprehensive view of market dynamics to inform their trading decisions.

Note: While the MMI provides insightful data, it is recommended to use it in conjunction with other analysis tools and risk management practices to ensure well-rounded trading strategies.

FAQs

❓What information does the multi-meter indicator display?

This indicator typically displays information such as trend strength, the MACD indicator, trading spreads, and other essential data, providing the trader with a more comprehensive market analysis.

❓Is the Multi Meter indicator only available for MetaTrader 5?

No, the Multi Meter Indicator (MMI) is available for both Meta Trader 4 and MetaTrader 5 platforms. You can easily download the MetaTrader 4 version by visiting the top of the page.