Money Meter Indicator for MT5


You can now download the Money Meter Indicator for MT5 for free on the AtoZ Markets indicators gallery.

The Money Meter MT5 Indicator is a handy risk assessment tool for short term traders. It displays the cost levels above and beneath a selected zero level. A cost level is the amount of money that will be made or lost if a position is opened with a defined lot from the zero level.

The indicator will start calculating from the current market price. This is the zero level. However, if you input a specific value in the zero_price parameter, the indicator will compute from that price.

Timeframe: any

Currency Pairs: any

Trading Session: any

 

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How to download and install an indicator?

In order to install the indicator on your MT5 platform, you need to follow these steps:

  1. Click on “Download Indicator” button located at the bottom of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into MT5>Indicator folder of the MetaTrader5 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select the “Money Meter Indicator for MT5” template to apply it on the chart.

Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.

Should you trade using 'Money Meter Indicator for MT5' on your own at all?

Before you start trading with this indicator, you'll want to read this.

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