The Momentum Indicator is a leading indicator which is measuring a security’s rate of change. This is comparing the current price with the previous price from a number of periods ago. The ongoing plot forms an oscillator that moves above and below 0. It is a fully unbounded oscillator and it has no lower or upper limit. This indicator is often used in combination with other technical indicators and other signals. In this Momentum indicator is a speed of movement indicator designed to identify the speed or strength of price movement.