MACD with Bollinger Band Signal + Histogram

🔄 MACD with Bollinger Band Signal + Histogram
This advanced indicator is a unique variation of the classic MACD. Instead of using a traditional signal line, it overlays Bollinger Bands directly on the MACD line, allowing for a more dynamic and volatility-aware momentum analysis. It also includes a histogram that visualizes the divergence between the MACD line and the BB midline.

✅ Key Features:
Custom MACD Line: Based on user-defined fast and slow EMA periods.

Bollinger Band Signal:

Applied directly to the MACD line (not price).

Customizable period, standard deviation, color, and fill opacity.

Highlights volatility around the MACD to identify expansion and contraction phases.

Histogram:

Measures the difference between the MACD line and the BB midline.

Helps identify bullish or bearish momentum shifts.

Color-coded for clarity (green = bullish, red = bearish).

📌 Use Cases:
Identify momentum breakouts when MACD moves outside the BB envelope.

Spot trend weakening or reversal when MACD reverts to the BB basis.

Use histogram direction and color to confirm trend strength and momentum bias.

A powerful upgrade to the standard MACD for more volatility-sensitive signals.