Madden-Julian Oscillation (MJO) - How to interpret the index?
I prefer to use the BOM MJO index and the explanation provided over there -


  When the index is within the centre circle the MJO is considered weak, meaning it is difficult to discern using the RMM methods. Outside of this circle the index is stronger and will usually move in an anti-clockwise direction as the MJO moves from west to east. For convenience, we define 8 different MJO phases in this diagram. 


So in your case your signal value is 0.6 and that means it is fairly weak in amplitude as it is inside the circle. You also need to mention the phase of the MJO phase diagram. There are eight phases

Phase 1 &amp; 8 - Western Hemisphere And Africa

Phase 2 &amp; 3 - Indian Ocean

Phase 4 &amp; 5 - Maritime Continent

Phase 6 &amp; 7 - Western Pacific.

Currently the signal is a weak one as seen in this phase diagram MJO Phase diagram 

When the MJO signal is strong it's amplitude will be greater than 1 and the contour line will be outside the circle. It should be noted that the MJO is an empircal index consisting of the 850 hPa winds, OLR and 200 hPa winds.

MJO passage through phase 6 and 7 is always of global interest as the impact can be of planetary scale. Usually El Ninos are preceded by Westerly Wind Bursts and the forcing factor can be a MJO passage through phase 6 and 7. 

One can look at the raw data of the signal here - RMM Index text. This provides the amplitude of the signal as well as the phase of the MJO. 

Another version of the same can be seen here - MJO RMM index