I can help you write an article about Ethereum: Calculating the Simple Moving Average using Node.js Talib is different from Binance and TradingView. However, note that I provide a general overview and some sample codes, but you should adapt them to your specific needs.

Ethereum: Simple Moving Average Calculation with Node.js Talib

The simple moving average (SMA) is a popular technical indicator used in various forms of trading and analysis. In this article, we will explore the differences between calculating the SMA using Talibs for Ethereum nodes and the traditional Binance and TradingView platforms.

Introducing the Talib module

We will start by installing the Talib module, which provides functionality for calculating various statistical indicators, including SMA.

const Talib = require('talib');

Calculate SMA using Node.js

Now let’s create a WebSocket connection to the Binance market and use Talib to calculate the SMA for the BTC/USDT pair.

First, you need to install the required dependencies:

npm install Talib

Next, let’s create a socket to connect to the Binance marketplace.

const WebSocketBinance_BTCUSDT = new WebSocket('wss://binance.com/bapi/v3/marketDataStream?symbol=BTCUSDT&options=1&type=stream');
// Function to process market data
function processData(data) {
const chartData = Talib.getChart('4H', '1000');
// ...
}
// Subscribe to Binance stream
WebSocketBinance_BTCUSDT.on('open', () => {
WebSocketBinance_BTCUSDT.on('message', (data) => {
Process data (data);
});
});
//Start the socket
WebSocketBinance_BTCUSDT.connect();

Calculate SMA using traditional platforms

For comparison, we use traditional platforms like Binance and TradingView to calculate the same SMA.

First, install Talib on these platforms:

npm install Talib

Then create a WebSocket connection to the platform.

const Talib = require('talib');
// Function for processing market data
Function ProcessData(Data) {
const chartData = Talib.getChart('4H', '1000');
// ...
}
// Subscribe to streaming platforms
const socket = new WebSocket({
Host: "api.binance.com",
Port: 443,
Protocol: 'https',
});
// Send request to market data platform
socket.onmessage = (event) => {
const data = JSON.parse(event.data);
ProcessData(Data);
};

Conclusion

In this article, we have explored the differences between calculating SMAs using Talibs on Ethereum nodes and traditional platforms such as Binance and TradingView. Although both methods can produce accurate results, they have different characteristics.

Ethereum nodes, such as those provided by Node.js talib, provide a more direct connection to the underlying blockchain data stream, making the SMA easier to calculate. On the other hand, traditional platforms provide additional layers of abstraction and may require more setup and configuration.

Understanding these differences will help you choose the best approach for your specific use case and improve your trading decisions with accurate SMA calculations.