The FX Multi meter indicator for Metatrader is versatile with a combination of multiple indicators. A dashboard displays the values of multiple indicators based on momentum and averages. All indicators values are incorporated, and a final BUY or SELL signal is provided. The signals are reliable as the final signal of the trade direction is calculated by combining all the indicators.
The indicator provides the entry signals and all necessary trend and momentum information. So, the individual indicators values can visually see and understand the trend’s strengths and weaknesses. As a result, traders can use the indicator values to monitor the trade, 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 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 combines 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’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’sWilliam’s percentages – Values based on the momentum-based William’sWilliam’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.
Traders can download the FX multi meter metatrader for free. Furthermore, the dashboard is simple to understand and interpret. So it is beneficial for new and experienced traders.
Conclusion
The FX multi meter Indicator for MT4 is essential for forex traders. Mostly, it uses momentum and averages to calculate the trend direction. Moreover, the FX Multi meter metatrader indicator is free to download. To explain, the dashboard displays the values of every indicator separately. As a result, traders can get the values of multiple indicators in one place within the dashboard and base their trading decisions accordingly.
FX Multi Meter MT4 Forex Indicator Free Download
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