We introduce and develop a two-parameter chromatic symmetric function for a simple graph $G$ over the field of rational functions in $q$ and $t,\,{\Bbb Q}(q,t)$. We derive its expansion in terms of the monomial symmetric functions, $m_{\lambda}$, and present various correlation properties which exist between the two-parameter chromatic symmetric function and its corresponding graph. Additionally, for the complete graph $G$ of order $n$, its corresponding two-parameter chromatic symmetric function is the Macdonald polynomial $Q_{(n)}$. Using this, we develop graphical analogues for the expansion formulas of the two-row Macdonald polynomials and the two-row Jack symmetric functions. Finally, we introduce the "complement" of this new function and explore some of its properties.