FX Multi Meter Indicator

FX Multi Meter Indicator

This all-in-one indicator. It was designed to give alot more precision to both trade entries and exits and provide an instant snapshot of a currency pair’s movement. Multi-Meter works on any currency or timeframe (or it should) and displays the following in the bottom right corner of the chart.

CATEGORIES: MT4, SIGNAL, INFORMATIONAL
Updated on: 19.11.2023

The FX Multi meter indicator for Metatrader is a versatile indicator with a combination of multiple indicators. A dashboard displays the values of multiple indicators based on momentum and averages. Obviously, all the indicators values are incorporated, and a final BUY or SELL signal is provided. As the final signal of the trade direction is calculated by combining all the indicators, the signals are reliable.

The indicator provides the entry signals and provides all necessary information related to trend and momentum. So, the trend’s strengths and weaknesses can be visually seen and understood by the individual indicators’ values. As a result, traders can use the indicator values to monitor the trade and manage it effectively and successfully exit it.

The above GBJPY M30 shows the FX multi meter indicator. The indicator provides a BUY signal based on the input from all other indicators. Since the dashboard shows most of the indicators showing an uptrend, the indicator shows a final BUY signal. The indicator avoids adding multiple indicators in the chart and displays all the information in a dashboard.

FX Multi Meter MT4 Indicators in the Dashboard
The FX multi meter MT4 indicator is a combination of the following indicators and displays the values in the dashboard.

Bar meter: Shows the percentage of increase or decrease of the current price compared to the previous 4 Bars’ closing prices.
MACD: MACD signal cross-over direction in the current chart.
MA-X The direction of cross-over of the Linear weighted moving average and simple moving average.
William’s percentages – Values based on the momentum-based William’s percentage indicator
Parabolic Stop and Reverse Indicator- This shows the direction of the PSAR.
Moving Averages – Shows the trend direction from M1 to D1 time frames of the currency pair.
Stochastic Oscillator – Shows the stochastic values from M1 to D1 time frames.
Current Spread of the currency pair.