Download MMR Indicator [Combination of 4 Indicators: MACD, EMA, LWMA and RSI] MT5 - MetaTrader 5 Resources

The MMR indicator on the MetaTrader 5 platform consists of four main technical analysis tools: MACD, Exponential Moving Average (EMA), Linear Weighted Moving Average (LWMA) and Relative Strength Index (RSI).

The output of this indicator is displayed in the form of a histogram, with green and red bars highlighting potential trading entry points based on the direction of the current market trend.

MMR Indicator Table

The general specifications of the MMR portfolio indicator are shown in the table below.

Indicator Overview

In MetaTrader 5, the MMR indicator displays green bars above the zero axis, indicating bullish market conditions, and red bars below zero, indicating selling pressure and bearish trends.

These bar charts are constructed by averaging the output of four core indicators to determine trend strength and direction.

Uptrend Conditions

The chart below shows gold (XAU/USD) on the 30-minute time frame. In this oscillator, the RSI exiting oversold territory signals declining selling pressure and a possible reversal in the market.

Meanwhile, the appearance of green bars in the positive zone of the MMR histogram along with bullish candlesticks create potential buying opportunities.

downtrend conditions

The chart below shows Ripple (XRP/USD) on a 5-minute time frame. RSI exiting overbought territory signals weakening purchasing power and the potential start of a correction phase.

At the same time, when the price breaks below the EMA or LWMA accompanied by a negative MMR histogram value, it signals a trend reversal and highlights a potential sell entry area.

MMR indicator settings

The image below shows the settings panel of the MMR oscillator in trading:

• MACD Fast MA Period : MACD fast moving average period;
• MACD Slow MA Period : The slow moving average period in MACD;
• MACD Signal Period : The signal line calculation period in MACD;
• RSI Period : Standard RSI period;
• EMA Period : exponential moving average period;
• LWMA Period : Linear weighted moving average period.

Conclusion

MMR comprehensive indicator, by integrating four technical analysis , serves as an effective tool for trend analysis and momentum assessment.

With green and red colored histogram bars, the oscillator identifies price direction and potential trade entry and exit areas.