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Leonid's Bitcoin Omega Ratio Z-Score Indicator

By LeonidBTC
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The goal of this indicator is to find trends & locations where Bitcoin has potentially been overbought or oversold. Besides mean reversion this indicator can also be used to spot trend shifts.

The Omega Ratio is the ratio of returns greater than a threshold to those lower than that threshold.

Lookback period and Z-Score period can both be adjusted. I have default inputs that work well when looking at Bitcoin on a Weekly timeframe on a Logarithmic y-axis.
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Renamed and added comments.
Bitcoin (Cryptocurrency)bitcoinpredictionBTCbtcusdanalysisbuysellsignalCyclesforecastingomegaomegaratiooscilattorOscillators

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