Looks like it is almost the same as C/N:
https://en.wikipedia.org/wiki/Modulation_error_ratio
https://en.wikipedia.org/wiki/Carrier-to-noise_ratio
And D5 value mean Link margin
Link margin = CN - CNmin
CN - actual C/N or??? MER
CNmin - minimum C/N to decode DVB-S signal.
For DVBS-2, 7.2 Msym, 8PSK, 3/4 FEC C/Nmin is 7.9 dB.
For DVBS-2, 1.5 Msym, QPSK, 4/5 FEC C/Nmin is 4.6 dB.