Multi-Meter Indicator (MMI) Download for Meta Trader 4 - Free - [Trading Search] - MT4/MT5 Resources

The Multimeter Indicator (MMI) provided on MetaTrader 4 (MT4) is an optimized graphical indicator that displays nine different volatility indicators for easier analysis , such as the Moving Average with a 14 - period in the top right corner .

Traders can analyze and evaluate buyers' and sellers' strengths on charts using data from the MMI indicator .

Index table (MMI)

Using the MMI indicator

GBP/CHF (British Pound/Swiss Franc) 1 hour chart

In the 1-hour (GBP/CHF) chart, the MMI indicator simplifies market analysis by combining traders with nine different indicators . This comprehensive trading tool allows traders to quickly use this set of indicators for more precise analysis and better decisions.

• Williams Percent Range (WPR%) Range: Displays Williams Percent Range (WPR%) levels as a histogram;
• Buy and Sell Signals (Signals): This function generates a buy signal (green arrow up) or a sell signal (red arrow down) based on all available indicators;
• Bar Chart Meter: This shows the percentage increase or decrease in the current price relative to the previous four bars;
• MACD: Indicates the direction of the MACD signal crossover on the current chart;
• Moving Average X (MA-X): Shows the intersection direction of the weighted linear moving average and the simple moving average;
• Parabolic SAR (Parabolic SAR): Indicates the direction of the Parabolic SAR;
• Spread (Spread): Displays the difference between BID and ASK prices;
• Moving Average Trend: Displays the trend direction of the moving average;
• Stochastic Oscillator: Displays stochastic indicator values ​​as a histogram.

Buy signal for MMI indicator

USD/CAD (U.S. dollar/Canadian dollar) 1 hour chart

In the one-hour chart of the USD/CAD currency pair, the MMI indicator has issued a buy signal based on the analysis of the available indicators . Upon seeing this signal , traders can enter a buy trade .

Sell ​​signal from MMI indicator

NZD/USD (New Zealand Dollar/U.S. Dollar) Daily Chart

In the 1-hour NZD/USD pair chart, the MMI indicator has issued a sell signal based on the analysis of the available indicators . Upon seeing this signal , the trader can enter a sell trade .

Indicator Setting

Silver 4-hour chart (XAG/USD)

• StockValues: stochastic oscillator;
• Stock_K: Setting of random oscillator K value;
• Stock_D: Setting of random oscillator D value;
• Stoch_Slowing: Set the deceleration value of the random oscillator;
• MA_Values: moving average indicator;
• MA_Period: the period of the moving average;
• MA_Shift: Move the moving average by several bars;
• MACD_Values: moving average convergence divergence indicator;
• MACD_Period1: period of MACD FAST MA;
• MACD_Period2: MACD SLOW MA period;
• MACD_Period3: MACD signal period;
• MAXVALUES: weighted linear moving average and simple moving average indicators;
• FastLWMA: The period of the weighted linear moving average used in the MA-X indicator;
• SlowSMA: The period of the simple moving average used in the MA-X indicator;
• PSARValues: Parabolic Stop Reversal (PSAR) indicator;
• PSAR_STEP: step value of parabolic SAR;
• PSAR_MAX: The maximum value of parabolic SAR.

Summary

The Multimeter Indicator (MMI) is a versatile tool that consolidates nine Metatrader4 indicators into one for more straightforward analysis .

Instead of cluttering the chart, MMI displays various data in the upper right corner for easy access to traders .