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MT4 indicators are wrong

Discussion in 'General Forex Talk' started by Agent86, Aug 20, 2010.

  1. Agent86

    Agent86 Sergeant

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    Hi

    It appears that the MT4 indicators are not the same as all other platforms in my opinion.

    The MACD is totally different, I had to download the macd-true and install it because it's a known topic.

    The EMA 100 is totally different.

    See the comparison here:
    MT4 with EMA100
    http://www.iclbiz.com/screen/timerdiag1.gif

    And MGfinancial with EMA100
    http://www.iclbiz.com/screen/mgema100.gif

    Look at the major different, the MG is standard, and see the daily candles crossing over the EMA100 toward the end ?
    And when MG is starting to cross the first time, notice the MT4 is not even close to crossing no where near it.

    See this online charts here: to compare with MT4 also
    DailyFX - Forex Trading Charts from DailyFX

    MT4 EMA is not standard WHY? this is really annoying me.

    I had a robot built based on the EMA100 and yet it does work well even with the MT4 EMA100 however, it's not really right.

    So on mobile trades or web based trading I'll be looking at EMA100 on the charts that will not jive with MT4

    Anyone know where to get the EMA-true ?
     
    #1 Agent86, Aug 20, 2010
    Lasted edited by : Aug 15, 2015
  2. Pharaoh

    Pharaoh Colonel

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    Egad! I knew about MACD being wrong, but never heard anything about the EMA's not being correct. It would take effort to screw those up.
     
  3. 5of7

    5of7 Representative for TheCollectiveFX

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    Is this true with even the latest versions of MT4?
     

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