[pipalot]

There appears to be a problem with the MACD shipped as standard in MT4 (and the iMACD function which is used in the Cowabunga MT4 Indicator).

I have partly found the solution:

MACD displays wrong in MT4, various people have re-written the MACD indicator and I have downloaded them and found that they work fine and match the MACD in Pip Surfer's Charts (and all other charting software).

I can post a corrected MACD indicator if anyone wants one.

The remaining problem is that the Cowabunga MT4 Indicator (kindly written by ybop01) uses the iMACD() function, which seems to have the same problem as the standard MACD indicator that is shipped with MT4.

In my opinion, this explains why I find that ybop01's custom indicator doesn't always find the same buy/sell signals as those given in Pip Surfer's daily reports (because it is using a bad MACD function - rather than solely because the data feeds differ slightly from broker to broker).

Has anyone else been having this problem with MACD and the Cowabunga Indicator?

And... has anyone found a solution, if so, what a hero you are and please let me know.

Thanks,
Pipalot