What does a Thrust Oscillator value of +/-30 generally indicate?

A Thrust Oscillator value of +/-30 generally indicates extremes in market conditions. This oscillator is designed to measure the momentum of price movements relative to a defined period, often used to identify overbought or oversold conditions. When the Thrust Oscillator reaches a threshold like +30 or -30, it suggests that the market is significantly deviating from its average price action, which can lead to potential reversals or corrections.

In a context where the value reaches these extremes, investors often interpret this as a signal that price movements may not be sustainable, signaling an impending shift in market direction. This is why the identification of such levels is vital for traders looking to make educated decisions based on market momentum and potential turning points.