Momentum Cloud Indicator
The Momentum Cloud indicator is a technical analysis tool designed to visualize price momentum by creating envelopes around a Momentum oscillator, which reflects the rate of price changes. These envelopes are derived from the oscillator values calculated based on the High and Low prices of a specified period. Traders use this indicator to identify potential trend reversals or continuations by observing the relationship between the price action and the oscillating cloud, interpreting movements above or below the envelopes as signals of bullish or bearish momentum.