Ethereum EMA Calculation: Comparison with Trading View

As a cryptocurrency enthusiast and trader, understanding technical analysis is essential to making informed investment decisions. One aspect of technical analysis that can be particularly challenging is comparing different EMA (Exponential Moving Average) calculations.

In this article, we will explore two popular EMA calculation methods used in the cryptocurrency market: calculating the EMA from the Binance Connector API and the EMA for trading view. We will compare these calculations to provide insight into which one may be lagging behind the other.

Introduction

EMA calculations are widely used in technical analysis to identify trend reversals, continuations, and potential support and resistance levels. There are several ways to calculate EMA, but the two most popular methods are the simple moving average (SMA) and the exponential moving average (EMA).

Binance Connector API – Calculate EMA

The Binance Connector API allows you to retrieve real-time data from the Binance exchange. One such API endpoint is used in this article to calculate the short-term, medium-term, and long-term EMA on a 1-minute chart.

Here is a Python code snippet that shows how to calculate the EMA using the Binance Connector API:

import requirements
def get_ema(data, dot):
"""
Calculate the calculated EMA for the given data and period.
Arguments:
data (dict): A dictionary containing the chart data with a 'close' key.
period (int): The period for calculating the EMA (in this case 1 minute).
Returns:
list: A list of calculated EMA values.
"""
api_url = f"
response = requests.get(api_url)
data = json.loads(response.text)
ema_values ​​= []
for i in range(len(data)):
if i > 0:





Calculate EMA values ​​​​using the calculated formula
ema = (2 / (i + 1)) * (data['close'][i] - data['close'][i-1]) + data['close'][i]
ema_values.add(ema)
return ema_values

Retrieve real-time data from Binance API
symbol = 'BTCUSDT'
interval = '1m'
timeframe = '1m'
data = get_ema({'symbol': symbol, 'interval': interval, 'timeframe': timeframe}, period=120)

Plot the calculated EMA values ​​​​on a 1-minute chart
import matplotlib.pyplot as plt
plt.plot(data)
plt.xlabel('Time')
plt.ylabel('Price')
plt.title('Calculate EMA relative to EMA display trading')

plt.show()

This code retrieves real-time data from the Binance API, calculates the short-term and long-term EMA using the get_ema function, and plots the results on a 1-minute chart.

Trading View EMA

The Trading View Connector API provides another way to calculate the EMA, which is often used in technical analysis. Here is a snippet of Python code that shows how to calculate the Trading View EMA:

“`python

import requirements

def get_trading_view_ema(data):

“””

Calculate the Trading View EMA for the given data.

Arguments:

data (dict): Dictionary containing chart data with ‘close’ button.

Return:

list: List of Trading View EMA values.

“””

api_url = f”

headers = {‘Authorization’: ‘Bearer YOUR_API_KEY’}

response = requests.get(api_url, headers=headers)

Parse the JSON response

ema_values ​​= []

for item in response.json()[‘data’]:

ema_value = (item[‘value’] + 1) / 2

ema_values.