Other interpretations use crossovers between the red and green lines as market timing signals if the resulting direction of both lines is the same. The red line being above the green line reinforces a bullish signal, and the red line below the green line reinforces a bearish signal. When the MACD Oscillator is above the zero line, conventional wisdom interprets this as a bullish signal, and conversely, when the histogram is below the zero line this is interpreted as a bearish signal.
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