Algorithm

XGBOOST – A Unique Machine Learning Tool

CoindicatorBot utilizes XGBOOST, a cutting-edge machine learning algorithm that has won many data science competitions, to forecast the price increase. There are two types of models CoindicatorBot uses and these models are designed for specific type of signals. As these models are designed for specific purposes, they are similar but also has distinct features.

One type of signal is a short term buy signal to forecast that a coin’s price is going to increase by at least 3% within the next 3-6 hours time frame after the signal. More detail about the algorithm for the short term signals can be found at this link.

Second type of signal is a long term buy signal to forecast that a coin’s price is going to increase by at least 25% within the next 24-36 hours time frame after the signal. More detail about the algorithm for the short term signals can be found at this link.