Not sure when it became a feature, but since at least 5 years ago you can click and drag the equation edit bar down to reveal multiple lines for editing.
Pair this with Alt+Enter (line break) and adding 4 spaces at the start and you can nest functions in a familiar, albeit manual, way.
Pair this with Alt+Enter (line break) and adding 4 spaces at the start and you can nest functions in a familiar, albeit manual, way.