Historical Data: TradingView/Binance Indicator for Ethereum
When it comes to technical analysis of financial markets, having access to accurate historical data is crucial. A 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 calculation method of their indicators, which can lead to inconsistencies when using TradingView indicators.
The Problem: Binance’s Indicator Calculation Method
Binance has been using TradingView’s indicators for some time and therefore their data may 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 to EMA (Exponential Moving Average) and MACD (Moving Average Convergence Divergence) calculations by users like me. .
Why the Binance Method is Important
As you may know, EMA and MACD are popular tools for spotting trends in the financial markets. By using these indicators, traders can gain insight into market behavior, identify potential buy/sell signals, and make informed investment decisions. However, since Binance uses old data, the calculations may not be entirely accurate.
Indicator Data from TradingView/Binance
If you want to use data from Binance Indicators for your own analysis, it is 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 expertise in programming languages such as Python or JavaScript.
- Historical Data from Binance: Unfortunately, Binance does not provide direct access to its historical data for all indicators. Instead, you can use a combination of APIs and third-party services to get the information you want.
- Third-party services: Some third-party services like CoinGecko or CryptoSlate offer ready-made historical data that includes Binance Indicators calculations.
Conclusion
In short, when using TradingView/Binance indicators for historical analysis, it is important to be aware of possible discrepancies between the calculated values and your own. To solve this problem, you can use the Binance API or a third-party service to get the historical data you want.
Please note 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 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