Historical Data: Ethereum TradingView/Binance Indicator
When it comes to technical analysis of financial markets, having 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 their indicator calculation method, which can lead to discrepancies when using TradingView’s indicators.
The Issue: Binance’s Indication Calculation Method
Binance has been using TradingView’s indicators for some time now, and as a result, their data might not be up-to-date or accurate. This is because the indicators are calculated based on older historical data, which can lead to inconsistencies when compared against EMA (Exponential Moving Average) and MACD (Moving Average Convergence Divergence) calculations performed by users like myself.
Why Binance’s Method Matters
As you may know, EMA and MACD are popular tools for identifying trends in financial markets. By using these indicators, traders can gain insights into market behavior, identify potential buy/sell signals, and make informed investment decisions. However, with the old data used by Binance, their calculations might not be entirely accurate.
TradingView/Binance Indicator Data
If you’re looking to use Binance’s indicator data for your own analysis, it’s essential to note that there isn’t a straightforward way to obtain the historical data directly from Binance. Instead, I recommend using TradingView as a bridge between Binance and your preferred data provider.
Here are a few options:
- TradingView’s API: You can use TradingView’s API (Application Programming Interface) to fetch historical data for specific indicators on Binance. However, this requires technical expertise in programming languages like Python or JavaScript.
- Binance’s Historical Data: Unfortunately, Binance doesn’t provide direct access to their historical data for all indicators. Instead, you can use a combination of APIs and third-party services to obtain the desired information.
- Third-Party Services: Some third-party services, such as CoinGecko or CryptoSlate, offer pre-packaged historical data that includes Binance’s indicator calculations.
Conclusion
In summary, when using TradingView/Binance indicators for historical analysis, it’s essential to be aware of the potential discrepancies between their calculated values and yours. To overcome this issue, you can use Binance’s API or a third-party service to obtain the desired historical data.
Keep in mind that accuracy is crucial in technical analysis, and using outdated data can lead to incorrect conclusions. Always verify your results through other independent sources and keep up-to-date with the latest market information.
Sources:
- TradingView’s documentation on their API (if available)
- Binance’s documentation on their historical data
- Third-party services mentioned above