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Journal : Journal of Computer Networks, Architecture and High Performance Computing

Implementing Histogram of Oriented Gradients to Recognize Crypto Price Graphic Patterns with Artificial Neural Network Wibowo, Suluh Arif; Rachmat, Nur
Journal of Computer Networks, Architecture and High Performance Computing Vol. 6 No. 2 (2024): Articles Research Volume 6 Issue 2, April 2024
Publisher : Information Technology and Science (ITScience)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/cnahpc.v6i2.3975

Abstract

Technical analysis stands as a pivotal strategy in analyzing graphic patterns to forecast future movements in crypto asset prices. However, comprehending numerous patterns poses a significant challenge for novice investors venturing into the investment realm. This study aims to facilitate investors in recognizing crypto price graph forms by classifying cryptographic price chart patterns. The dataset comprises images of seven types of crypto price graphic patterns obtained from the Kagle website, totaling 210 data points. A 70:30 training and testing data split is employed to ensure robust model evaluation. The study explores nine different Histogram of Oriented Gradients (HOG) parameter combinations for graphic pattern extraction. Leveraging the artificial neural network (ANN) classification method with parameter hyper tuning, the study assesses various HOG parameter configurations to optimize classification performance. The most optimal results are achieved with parameters Bin = 9, Cell Size = 16x16, and Block Size = 1x1, boasting an accuracy rate of 95.23%, precision of 95.55%, and recall of 95.23%. This classification approach streamlines the process for investors, enabling them to discern crypto price graph patterns effectively, thereby enhancing their investment decision-making capabilities in the dynamic cryptocurrency market landscape. By providing a structured method for pattern recognition, this study contributes to democratizing access to technical analysis tools, particularly benefiting novice investors seeking to navigate the complexities of cryptocurrency investment.
Co-Authors Agus Seto Nugroho Ahmad Hisyam Aji Janmo Minulyo Aji, Sherly Ratih Frichesyarius Santi Alfan Zubaidi Alfan Zubaidi ANDYARINI, ESTI NOVI Anik Indah Yani Anik Indah Yani Anissa Eka Septiani Annisa Eka Septiani Ardi al Ghifari Ardiansyah, Aldi Atika Febri Anggriani Ayuningtyas, Roro Aji Bambang Kuncoro Bambang Kuncoro Bambang Kuncoro Bambang Kuncoro Bee, Vanness Bella Permata Sihombing Permata , Mecha Devi Elvina Rachma Doddy Suprayogi Dodiet Aditya Setyawan Dola Fitritha Raras Handayani Dwi Nurul Izzhati Dwi Setyawan Dwi Setyawan E. Saputra Saputra Esa Ridho Sambada Eviana S. Tambunan Fadhila Firmanurulita Fajar Susanti Faried Effendi Surono Fitri Khoirun Nisa haidar abdurrahman prawira Handayani, Dola Fitritha Raras Hanifah Hanifah Hanna Lestari Herawati Prianggi Herawati Priangi Indri Kusuma Dewi, Indri Kusuma Ismi Dwi Syafitri Izha Mahendra Jusuf Kristianto M Syafii M.Kurniawan Maharani Nadia Andarini Mardiani Mardiani Masdeniati, Masdeniati Muhammad Naufal Anugrah Muhammad Syafii Muhammad Syaifudin Mulyaningrum, Haryanti Katini Nella Tri Surya Ni Made Riasmini Noorma, Nilam Pibriana, Desi Prasetya, Hanung Prasetyo Catur Utomo Prasetyo Catur Utomo Prasetyo Catur Utomo Prianggi, Herawati Putra, Aji Putri Utami Sulistyawati R. Ismail Ismail Rachma, Devi Elvina REZA FAHLEVI Rini Tri Hastuti Rizi, Muhammad Alfa Rustam Aji, Rustam Setyorini, Yuyun Setyorini Siska Meiwijayasmi Sisybania Sri Djuwitaningsih Subagiyo, Didik SULISTIYANI SULISTIYANI Surya, Nella Tri Suryaningsih, Anthik Fajar Tri Handayani Wibowo, Suluh Arif Zenitha Bela Pratiwi Kusumawati