My name is Jeff, and I was an invetools student for over 10+ years.. While at Investools and I had trading rooms and online coaching sessions on the Market Forecast Indicator. This is a great indicator but it's kind of confusing. It has 3 lines that oscillate between 0 and 100. These 3 lines indicate 3 sperate time frames: intermediate line = 1-3 months, near-term line = 5-15 days, and momentum line = 1-5 days. These 3 lines tend to indicate oversold or overbought levels.

From what I learned there is a signal people use with it called the near-term divergence which works similar to the macd divergence. The concept is price and the near-term line (shown as the blue line below) are diverging or converging.  You read it by peaks (or valleys) on the near-term line as it matches up with price action, just like a macd. When a divergence or convergence forms, the idea is to walk backwards on the blue line to find the valley between the peaks (or peak between the valleys) and line that day up with price action. You then draw a line from that price day close and you watch to see if price break that line.  If it does its a warning signal that price may continue to fall further to next support level below (or rise to next resistance level above). This creates the bullish or bearish near-term divergence signal.