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Create a TA (technical analysis) crypto trading bot for Binance using Tradingview
Chances are you’ve heard of Technical Analysis (TA) before, and you have probably used it at one point in order to make an informed decision about your trades. Given how number-based most (if not all) TA indicators are, it’s quite easy to integrate technical analysis into a crypto trading bot, especially by using Tradingview and the Binance API.
But before we go any further, let’s cover the basics in case you’re not already familiar with TA.
What Is Technical Analysis?
Technical analysis (TA for short) is a trading concept that is used to determine opportunities in the market by analysing metrics collected from historical trading activity, such as the price, movement or volume of an asset. The formulas are usually known as indicators, because they indicate the market’s direction.
Technical analysis can also be performed by algorithms, or crypto trading bots in order to confirm a trend, and place an order automatically.
But of course, in order to perform technical analysis on an asset, be it crypto or otherwise, we need to have a dataset. By default, the Binance API does not offer much in the way of TA, so we’re going to use Tradingview TA.
