A direct-read meter capable of eliminating magnetic interference of adjacent rotating wheels, the direct-read meter comprising: N permanent magnet rotary wheels (11, 12, 31, 32); and N corresponding biaxial magnetic angle sensors (21, 22, 41, 42), the i th magnetic angle sensor being configured for sensing, along an X axis and a Y axis perpendicular to each other, a linear superposition of an intended magnetic field produced by the i th permanent magnet rotating wheel and interfering magnetic fields produced by the other N-1 permanent magnet rotating wheels, the permanent magnet rotating wheel producing the interfering magnetic field being the j th permanent magnet rotating wheel, and j≠i; and a sampling element, configured to high-speed sample all the raw output sine/cosine signals of the N biaxial magnetic angle sensors, respectively, to form a N*1 raw signal matrix [V/V p] k (i) raw, characterized by the direct-read meter further comprising: a storage element, configured to store an N*N correction matrix [C ij]; and a computation element, configured to perform arithmetical operation [V/V p] k corr(i)=[V/V p] k (i) raw -sum{C(i,j)*[V/V p] k (j) raw} to eliminate the interfering magnetic field and obtain a rotation angle of the permanent magnet rotating wheel, wherein k=x or y, the element in the raw signal matrix [V/V p] k (i) raw is V xi /V pxi or V yi /V pyi, V xi and V yi respectively correspond to two axial output raw signals of the i th biaxial magnetic angle sensor along the X axis and the Y axis, V pxi and V pyi respectively correspond to peak values of the two axial output raw signals of the i th biaxial magnetic angle sensor along the X axis and the Y axis, and [V/Vp]k(i) raw and [V/V p] k corr(i) are respectively the N*1 raw signal matrix and the correction signal matrix of the biaxial magnetic angle sensor. N permanent magnet rotary wheels (11, 12, 31, 32); and N corresponding biaxial magnetic angle sensors (21, 22, 41, 42), the i th magnetic angle sensor being configured for sensing, along an X axis and a Y axis perpendicular to each other, a linear superposition of an intended magnetic field produced by the i th permanent magnet rotating wheel and interfering magnetic fields produced by the other N-1 permanent magnet rotating wheels, the permanent magnet rotating wheel producing the interfering magnetic field being the j th permanent magnet rotating wheel, and j≠i; and a sampling element, configured to high-speed sample all the raw output sine/cosine signals of the N biaxial magnetic angle sensors, respectively, to form a N*1 raw signal matrix [V/V p] k (i) raw, characterized by the direct-read meter further comprising: a storage element, configured to store an N*N correction matrix [C ij]; and a computation element, configured to perform arithmetical operation [V/V p] k corr(i)=[V/V p] k (i) raw -sum{C(i,j)*[V/V p] k (j) raw} to eliminate the interfering magnetic field and obtain a rotation angle of the permanent magnet rotating wheel, a storage element, configured to store an N*N correction matrix [C ij]; and a computation element, configured to perform arithmetical operation [V/V p] k corr(i)=[V/V p] k (i) raw -sum{C(i,j)*[V/V p] k (j) raw} to eliminate the interfering magnetic field and obtain a rotation angle of the permanent magnet rotating wheel, wherein k=x or y, the element in the raw signal matrix [V/V p] k (i) raw is V xi /V pxi or V yi /V pyi, V xi and V yi respectively correspond to two axial output raw signals of the i th biaxial magnetic angle sensor along the X axis and the Y axis, V pxi and V pyi respectively correspond to peak values of the two axial output raw signals of the i th biaxial magnetic angle sensor along the X axis and the Y axis, and [V/Vp]k(i) raw and [V/V p] k corr(i) are respectively the N*1 raw signal matrix and the correction signal matrix of the biaxial magnetic angle sensor.