Crypto-Eye: Analyze the Crypto Currency Market with Color Sensors
This project was sent in by John and shared on Instructables by XenonJohn:
Uses an Adafruit TCS34725 red/green/blue colour sensor to analyse the light output from the on-screen order book when crypto trading.
If predominantly “buy” orders come in, represented by green numbers on screen, you might possibly expect the value of your favourite coin to increase in the ultra-short term. If predominantly red “sell” orders start to fill the order book, then you might possibly expect the value of your coin to fall in the ultra-short term.
Therefore, here comes the innovative step, what would happen if you were to analyse the light output of just that section of your computer screen that is showing the order book, and then work out changes in the ratio of green light to red light over time?
This project uses an Adafruit TCS34725 red / green / blue light sensor attached to an Arduino Nano, fitted into a foil lined cardboard enclosure in turn mounted over the order book part of your cryptocurrency trading platform on screen view. It determines the mean red to green ratio over time and then alerts you with verbal warnings if the instantaneous red to green ratio measurement is moving away from this mean central area towards the red or green.
Any trading decisions you make based on this are entirely up to you! I have no idea if this is of value or not for trading but felt compelled to try it to see if it works as an idea. It does.
