Multi Meter Indicator (MMI) Download for Meta Trader 5 - Free - [Trading Search] - MT4/MT5 Resources

The Multimeter Indicator (MMI) is a trend strength display tool available to traders using 9 volatility indicators on MetaTrader 5 (MT5).

The MM indicator is a display that displays nine different indicators to facilitate analysis, such as Parabolic SAR and Stochastic Oscillator 14 Periods, located in the lower right corner of the trader's chart.

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

Indicator table

Indicator buy signal

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

After traders see the signal and analyze the data, they can enter a buy transaction ( BUY ).

Indicator sell signal

In the daily (NAS100) chart, the MM indicator has issued a sell By analyzing the signals of 9 different indicators, all indicate that the market is in a downward trend.

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

Indicator settings

• StockValues: stochastic oscillator;
• Stock_K: Select the K value of the random oscillator;
• Stock_D: Select the D value of the random oscillator;
• Stoch_Slowing: Select the slow line value of the random oscillator;
• MA_Values: Moving Average;
• MA_Period: Select the period of the moving average;
• MA_Shift: Calculate the moving average of past candles;
• MACD_Values: MACD Indicator;
• MACD_Period1: Select the period of MACD FAST MA;
• MACD_Period2: Select the period of MACD SLOW MA;
• MACD_Period3: Select the period of the MACD signal;
• MAXVALUES: MAX Indicator;
• FastLWMA: Select the period of the linear weighted moving average of the MA-X indicator;
• SlowSMA: Select the period of the simple moving average for the MA-X indicator;
• PSARValues: Parabolic SAR;
• PSAR_STEP: Select the step value of parabolic SAR;
• PSAR_MAX: Select the maximum value of parabolic SAR.

Summary

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

The MMI histogram makes it more accessible to traders by showing trend strength and buy/sell market pressure.