Multi Meter Indicator MMI MT4
- Indicateurs
- Eda Kaya
- Version: 1.3
Multi Meter Indicator (MMI) for MetaTrader 4
The Multi Meter Indicator (MMI) on the MetaTrader 4 (MT4) platform is an advanced visual tool that integrates nine technical indicators into one compact panel, including a 14-period Moving Average displayed in the upper right corner. With MMI, traders can evaluate market momentum and buyer-seller dynamics with a consolidated data view on their charts.
«Indicator Installation & User Guide»
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Indicator Overview (MMI)
Category | Signal & Forecast – Volatility – Trading Utility |
Platform | MetaTrader 4 |
Skill Requirement | Intermediate |
Indicator Style | Momentum – Leading |
Available Timeframes | M15 – M30 – H1 – H4 – Daily – Weekly |
Trading Approach | Scalping – Intraday – Daily Trading |
Markets Supported | Forex – Cryptocurrency – Equities |
Practical Use of the MMI Tool
On the GBP/CHF one-hour timeframe, the MMI indicator streamlines technical evaluation by combining data from multiple indicators. This integration allows traders to interpret market conditions quickly and effectively.
- WPR% Histogram: Presents the Williams' Percent Range level in bar format.
- Trade Signal (Buy/Sell): Provides trade direction via color-coded arrows—green for buy, red for sell.
- Price Bar Comparison: Highlights price change over the last four candles as a percentage.
- MACD Direction: Indicates the crossover trend of the MACD signal.
- MA-X Crossover: Shows crossover between linear weighted and simple moving averages.
- SAR Directional Bias: Indicates the current trend based on Parabolic SAR.
- Bid-Ask Spread: Displays the spread value between current buy/sell prices.
- MA Trend Flow: Reflects the current slope and direction of moving average.
- Stochastic Reading: Converts the stochastic oscillator reading into a histogram for quick analysis.
MMI Buy Signal Example
In a one-hour chart of the USD/CAD pair, the MMI tool generated a buy signal by evaluating conditions across its component indicators. This serves as a potential entry point for long positions.
MMI Sell Signal Example
On the NZD/USD hourly chart, a sell signal is produced using the MMI system, guiding traders toward potential short setups based on aggregated signal logic.
MMI Input Settings
- StockValues: Refers to Stochastic Oscillator input values
- Stock_K / D / Slowing: Defines K, D, and Slowing periods of the stochastic settings
- MA_Values / Period / Shift: Configures Moving Average calculation and placement
- MACD_Values / Periods 1–3: Manages MACD Fast, Slow, and Signal line parameters
- MAXVALUES / FastLWMA / SlowSMA: Controls parameters for the MA-X crossover analysis
- PSARValues / STEP / MAX: Adjusts the Parabolic SAR step and maximum values
Conclusion
The Multi Meter Indicator (MMI) is a highly functional solution for MT4 users aiming to combine multiple data points into a single interface. By grouping nine different indicators into a neat, top-right corner display, MMI reduces clutter and enhances decision-making speed for traders across all major markets.
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