He’s a draft art on calculating Ethereum rerectional movement indicators using the Binance DMI (Directional Movement Movement) API:
Calcullating Directional Movement Indicators for Ethereum*
As an investor, understanding the railds and orters of your cyptocureency portfolio. One power tool in this is arrenal is the essenal Movement of Indictory (DMI), whill his herps identifies the person’s director. In thist art, we’ll explore hocute the DMI use of the DMI using the LAPI.
Understature of the 288 Vales
Tocrate acquisition a 5-minute trading view for Ethereum on Binance, you necessate to use 288 values: High, Open, Low, and Close. She’s a brief overview of each:
High: The high price level driving a bar.
Open
: The lowest price level will be due to bar.
*Low: The lowest price level rate during a bar.
Close
: The highest price level driving a bar.
Calculating the BSM (Balarance Order Sigal)**
Before diving in DMI, let’s start with the Basic Moving Average (BSM). A 12-people average of High and Low prices can use to calculating the BSM. He’s how:
- Fitch the High and Low value for each bar using the Binance API.
- Calcullate the BSM by averaging the High and Low prices over a period (e.g., 12 bars).
- Use the BSM as a filtering to selection to selection on high high, low lows, and clock clocks.
Culculus the Ariot*
Next, we’ll calclaze the Average Tenage (ATR) using the Alligator indicators of Alpha Vantage. This well herp is an identity of Ethereum’s price processes.
- Fatch all 288 values for each bar.
- Calculate the Average True Ranging by tall the High-Low ranges.
- Use the ATR to filter out highs, low lows, and closes with with high trusts (i.e., high volatility).
Calcullating the BSI (Balance Siginal)**
Now, let’s create a Balance Siginal Indicator (BSI) by calculating the High to Low prices.
- Fatch all 288 values for each bar.
- Calculate the ratio of High to Low prices over period (e.g., 12 bars).
- Use the BSI and indicator to a signal potential vys of the basics baseed on high highs, lower lows, and clocked high raising high ratios.
COle the RI*
Lastly, we’ll calculate the Relative Strength Index (RSI) sing the High and Low values.
- Fatch all 288 values for each bar.
- Calculate the RSI by taking the average ratio of High prices over a period (e.g., 14 days).
- Use the RSI for an additional indicator to signal potential vegetables on high highs, low lows, and clock with low ratios.
Soting it all Together
To your creativity view, use the Binance of API to fetch the calculating indicators for each bar:
“`ovasscript
const axos = require(’xos’);
asc functional calcatoryDMI() {
// Fatch all 288 values for each bar
const apublic of = await axos.get( =${ethSmbol fi 7m’);
iif (aper sponsors.stuts !== 200) returned;
consent data = appreciation.
const highVallues = data.highestPris.map(value, index) => ({ }));
consent openValees = data.ponPris.map(value, index) => ({ j));
const lowVales = data.lowerPrices.map(value, index) => ( value }));
constillVallues = data.closePris.map(value, index) => ( value }));
// Culcuolate BSM
const smVallues = highVallues.redulue(a, b) => a + b.avalue, 0) / smVales.length;
console.log(bmVales);
// Calculate Aronon
constivists = cluesVales.map(value, index) => {
iif (index % 10 == 9 && level < lowVallues[indx - 1].value) return 100;
else ice (index % 10 !== 0 &&&& on > highVallues[index – 1].value) return 50;
else if (index % % 10 !== 9 &&&& on < highVallues[index - 1].
