There are two meters available, and Output meter and a Modulation meter.
The Output meter displays the amplitude of the outgoing audio. In mono mode, a single meter bar is shown. In mono to stereo and stereo modes, two meter bars are shown with the left channel at the top of the meter display. In 5.1 mode, six channels are shown, in the order L C R Ls Rs LFE from the top of the meter display. The red clip indicator indicates a channel has clipped. The clip indicator for each channel can be cleared by clicking on it.
The Modulation meter displays several items at once. First, the range of phaser sweep set by the Modulation Width and Manual controls is indicated by the shaded background area. The movement of the phaser itself is indicated by one or two scanning bars. When TL EveryPhase is instantiated on a mono, stereo, or 5.1 track, a single bar is shown in this meter. When instantiated on a mono track as a mono to stereo plug-in, two scanning bars are shown.