Historical Data: Ethereum TradingView/Binance Indicator
When it comes to technical analysis of financial markets, access to accurate historical data is crucial. One popular platform for obtaining such data is Binance, a leading cryptocurrency exchange and trading platform. However, in my experience, there seems to be an issue with the method of calculating their indicators, which can cause inconsistencies when using TradingView indicators.
Problem: Binance Indicator Calculation Method
Binance has been using TradingView indicators for some time, which may result in their data not being up-to-date or accurate. This is because the indicators are calculated based on older historical data, which can cause inconsistencies when compared to EMA (Exponential Moving Average) and MACD (Moving Average Convergence Divergence) calculations made by users like me.
Why Binance’s Method Matters
As you may know, EMA and MACD are popular tools for identifying trends in financial markets. Using these indicators, traders can gain insight into market behavior, identify potential buy/sell signals, and make informed investment decisions. However, using the old data used by Binance, their calculations may not be completely accurate.
TradingView/Binance Indicator Data
If you want to use Binance indicator data for your analysis, it’s important to note that there is no easy way to get historical data directly from Binance. Instead, I recommend using TradingView as a bridge between Binance and your preferred data provider.
Here are some options.
- TradingView API: You can use the TradingView API (Application Programming Interface) to get historical data for specific indicators on Binance. However, this requires technical knowledge of programming languages such as Python or JavaScript.
- Binance Historical Data: Unfortunately, Binance does not provide direct access to its historical data for all indicators. Instead, you can use a combination of the API and third-party services to get the information you need.
- Third-party services: Some third-party services, such as CoinGecko or CryptoSlate, offer pre-packaged historical data that includes Binance indicator calculations.
Conclusion
In summary, when using TradingView/Binance indicators for historical analysis, it is important to be aware of the potential discrepancies between their calculated values and your own. To avoid this problem, you can use the Binance API or a third-party service to obtain the historical data you need.
Keep in mind that accuracy is very important in technical analysis, and using outdated data can lead to incorrect conclusions. Always verify your results using other independent sources and stay up-to-date with the latest market information.
Sources:
- TradingView documentation on their API (if available)
- Binance documentation on their historical data
- Third-party services mentioned above