Blockchain Artificial Neural Networks

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Nov 30, 2019 1:47 PM

I found a very high correlation in a research-based Artificial Neural Networks.(ANN)
Trained only on daily bars with blockchain data and Bitcoin closing price.
NOTE: It does not repaint strictly during the weekly time frame. (TF = 1W)
Use only for Bitcoin .
Blockchain data can be repainted in the daily time zone according to the description time.
Alarms are available.
And you can also paint bar colors from the menu by region.

After making reminders, let's share the details of this interesting research:

INPUTS :

1. Average Block Size
2. Api Blockchain Size
3. Miners Revenue
4. Hash Rate
5. Bitcoin Cost Per Transaction
6. Bitcoin USD Exchange Trade Volume
7. Bitcoin Total Number of Transactions

OUTPUTS :

1. One day next price close (Historical)

TRAINING DETAILS :

Learning cycles: 1096436
AutoSave cycles: 100

Grid :

Input columns: 7
Output columns: 1
Excluded columns: 0

Training example rows: 446
Validating example rows: 0
Querying example rows: 0
Excluded example rows: 0
Duplicated example rows: 0

Network :

Input nodes connected: 7

Hidden layer 1 nodes: 5
Hidden layer 2 nodes: 0
Hidden layer 3 nodes: 0

Output nodes: 1

Controls :

Learning rate: 0.1000
Momentum: 0.8000
Target error: 0.0100

Training error: 0.010571

The average training error is really low, almost worth the target.
Without using technical analysis data, we established Artificial Neural Networks with blockchain data.
Interesting!

Comments

obstak

⋅ Feb 16, 2021 7:26 AM

Does it work on Lower timeframes? like 1H or 15 min TF?

rolodeckspoker

⋅ Sep 3, 2021 7:33 PM

First off: Thank you for the amazing script!
I have a few questions:
1) How did you choose those specific QUANDL stats over the other ones?
2) Now that Glassnode is supported directly on TV, would there be use of the greater amount of stats provided from that?

mariuspe

⋅ Dec 2, 2019 6:12 PM

Very useful! Can it be applied to other altcoins?

Noldo

⋅ Dec 2, 2019 6:13 PM

@mariuspe,
Hello my friend, the other altcoins also act according to bitcoin, but I can't say for sure.
But it can used for bitcoin definitely.

mariuspe

⋅ Dec 2, 2019 6:24 PM

@Noldo, Just checked out with other altcoins on 1-day chart, and seem to work fine.

Mo1Amri

⋅ Oct 24, 2021 7:09 AM

@Noldo, Hi, found this very interesting,as I was just watching something similar on CNN,I wanted to know how to use it in trading,how to read your signal

BartekMa

⋅ Nov 26, 2021 8:19 AM

Hello, first of all thanks for sharing your knowledge with others. This is big thing. Could you help me to understand how to use this indicator. After adding it to my charts, I can see little bars in a range of (-2 to 2). How to read this, i.ex. what does it means when the bar is 1,1 or bar is -1,5. I can not see any other output. In your description I can read "Output: One day next price close (Historical)" . But close price can not be within this range -2 to 2. Can you help to understnd this?

UnknownUnicorn6016710

⋅ Dec 16, 2019 8:51 PM

Amazing work... got sold signal at 7097 just right before the spill today at 21:27. Very impressive.
I should try to sign up for AI courses at my job's place.

Noldo

⋅ Dec 16, 2019 8:58 PM

@ievgen-k, Many thanks for your positive comments !
However, it is useful to be very careful in this market because of high volatility.

UnknownUnicorn6016710

⋅ Dec 16, 2019 10:40 PM

@Noldo, that is understood, I'm testing my account in paper trading, not much activity for now in real account, but still looking into alerts for reference.