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Author Topic: Using Google Trends & Wikipedia Search Volume in Trading?  (Read 89 times)
Maxwell_Jones (OP)
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May 30, 2018, 10:30:40 AM
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There is a very well documented correlated between the price of bitcoin and the Google Trends Volume metric -> this says nothing about whether one could profit off this.  I stumbled across this paper which develops a basic algorithm to profit off the relationship -> https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3177738 .  What are your thoughts, useful or not?
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May 30, 2018, 12:24:21 PM
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Yes, it is a very interesting article with practical implications. What I find especially intriguing is how search results volume precedes bitcoin price movement. However, as the authors suggest, one shouldn't just use the daily trends. One should average the search results using a median value for larger time windows in order to eliminate the high amount of noise present in the daily results.
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