this MACD histogram tracks that that the gap between the main and signal traces of the MACD (the first is calculated with an exponential moving average). to improved display when displaying lines and histograms at the exact same window, the histogram values are multiplied by 2. In addition, the falling and rising bars of the histogram are displayed in various colours.

The MACD Combo indicator implements a combined display of the lines of the MACD indicator and the MACD histogram. using a single parameter, you can change the calculation parameters of the indicators.

Parameters:

• macd_short_length (12) – quick EMA interval for calculating the MACD;
• macd_long_length (26) – Slow EMA period for calculating the MACD;
• MACD_Smoothing_Length (9) – the smoothing Period of the signal line of MACD;
• time_ratio (1) – Usually equal to 1 when displaying the MACD on the chart timeframe. On the other hand, if you are analyzing the daily chart and want to see the weekly MACD, set this value to 5 to multiply all parameters by 5;
• display_factor (2) – Scale multiplier.