In-build MT5 MACD is terrible

 

Considering inability to use indicators from market because of new update, I checked in-build standard MACD indicator. And I remembered why I decided to look for new MACD on market in the first place.

In-build MACD is oversimplified, to say the least. It feels like it was added just for the check mark. This is one of the most important indicators EVER and I can't use it because it doesn't show what I need it show. Why? Because there are no Oscillator MA type and Signal line MA type settings!

Do you think it's alright???

 

There are a lot of MACD indicators in CodeBase (and CodeBase is not a Market so the indicators should be locally compiled and they works with not a problem). Search results are here.

Example (the first one is in-built MACD):


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We can select any indicator which we like, download it, compile with MetaEditor and use.

 

Next MACD from CodeBase:
https://www.mql5.com/en/code/23536

MACD

MACD_Osmax
MACD_Osmax
  • www.mql5.com
Indicator MACD OsmaX
 
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