MACD + RSI Combined

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The "MACD + RSI Combined" indicator merges the strengths of the MACD and RSI for enhanced market analysis. It calculates the MACD histogram, signal line, and RSI, combining them using a customizable weight factor, alpha. Scaled RSI centers around zero, while the MACD histogram is color-coded—green for rising momentum and red for falling momentum. A dynamic histogram scaling option allows better visualization. Additionally, overbought/oversold zones are highlighted, aiding traders in identifying potential trend reversals.