Multi Meter Indicator MMI MT5
- Indicateurs
- Eda Kaya
- Version: 1.3
Multi Meter Indicator (MMI) for MetaTrader 5
The Multi Meter Indicator (MMI) is an advanced trend assessment tool designed for MetaTrader 5 (MT5), integrating insights from nine built-in indicators to support traders' decision-making. Displayed compactly in the bottom-right corner of the trading chart, the MMI utilizes tools like the Parabolic SAR and Stochastic Oscillator (14-period) to provide quick visual guidance on market conditions. This indicator enables traders to gauge the prevailing trend strength and the dominance of buying or selling forces with improved clarity.
«Indicator Installation & User Guide»
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Indicator Specifications Table
Category | Signal Forecast – Volatility – Trade Support |
Compatible Platform | MetaTrader 5 |
Recommended Skill Level | Intermediate |
Indicator Classification | Momentum – Leading |
Timeframes Supported | M15, M30, H1, H4, Daily, Weekly |
Trading Methodologies | Scalping – Intraday – Day Trading |
Asset Classes | Forex – Cryptocurrency – Equities |
Buy Signal Example Using MMI
On the 30-minute XAUUSD timeframe, the Multi Meter Indicator issues a buy alert as all nine integrated tools collectively signal a bullish market condition. Traders receiving this confirmation can choose to initiate long positions after verifying with additional analysis.
Sell Signal Example Using MMI
In a daily chart of NAS100, the MMI provides a sell notification, driven by unanimous bearish readings across the indicator set. This signal suggests a potential entry opportunity for short trades, aligning with broader market momentum.
Configurable Settings of the MMI Indicator
- Stochastic Parameters:
- StockValues: Uses the Stochastic Oscillator
- Stock_K: Defines the %K period
- Stock_D: Sets the %D smoothing
- Stoch_Slowing: Adjusts the Slowing factor
- Moving Average Parameters:
- MA_Values: Determines the MA type
- MA_Period: Controls the lookback period
- MA_Shift: Specifies the offset from current candle
- MACD Configuration:
- MACD_Values: Uses MACD Indicator
- MACD_Period1: Fast EMA period
- MACD_Period2: Slow EMA period
- MACD_Period3: Signal line period
- MA-X Indicator Settings:
- MAXVALUES: Includes MAX Indicator
- FastLWMA: Sets LWMA length
- SlowSMA: Defines the SMA period
- Parabolic SAR Settings:
- PSARValues: Enables PSAR calculation
- PSAR_STEP: Sets the acceleration step
- PSAR_MAX: Limits the maximum step value
Conclusion
The Multi Meter Indicator (MMI) aggregates signals from nine separate technical tools into a single, compact visualization to streamline analysis and enhance precision. This combined approach reduces screen clutter and equips traders with clearer insights into trend direction and market momentum across all trading instruments.