TradingView Ethereum Volume Indicator: A Guide to Getting Data from the Binance API

The Ethereum trading volume indicator on TradingView is a popular tool used by traders and analysts to gauge market activity and sentiment. While it provides valuable insights, getting the accurate value of this indicator from the Binance API can be challenging due to differences in data formats and standards.

Understanding the Binance API

Before diving into how to get the Ethereum trading volume indicator from the Binance API, let’s quickly review what you need to know about the API:

• The Binance API is primarily used to retrieve information about Bitcoin-related assets, including prices, order book data, and more.

• However, TradingView offers a variety of indicators that can be accessed through its platform. These indicators are typically designed to provide real-time or historical data on various markets, including Ethereum.

Identifying the Right Indicator

To get the Ethereum trading volume indicator from TradingView, you need to identify the right candle volume indicator. There are several indicators available in this category, and it is essential to select the one that provides the desired data format.

• Volume Candles: These candles display the trading volume for a specific period. You can use these candles to estimate trading activity on Ethereum.

• Volume Line: This line plots the cumulative total of all volumes over time. It can help you visualize market trends and identify potential buy or sell signals.

Getting Data from Binance API

Once you have identified the right indicator, it is time to access its value from the Binance API. Here are some steps to follow:

• Create a Binance API Account: If you don’t already have one, create a new account on Binance. You will need to provide your email address, password, and other basic information.

• Install TradingView API Library: To access TradingView indicators via the Binance API, you will need to install the API library for Python. You can do this by running pip install tradingview-api.

• Authenticate with Binance API: Use your Binance account credentials to authenticate with the API. This step is crucial to prevent unauthorized access.

• Use TradingView Indicator URL: Construct a URL that includes the correct TradingView indicator ID and parameters. The most commonly used indicators are ETRSVPOLLIGRATIVUM, ETHUSDT_VOLUMES, and ETH1V2ERISVOL. You can find these IDs in the Binance API documentation or in your TradingView account settings.

• Make API Request: Use a Python library such as requests to make an API request with the constructed URL. You will need to pass all the required parameters such as the indicator ID and time interval.

Sample Code

import requests
api_key = 'YOUR_BINANCE_API_KEY'
api_secret = 'YOUR_BINANCE_API_SECRET'
url = f"
response = requests.get(url)
data = response.json()
print(data)

Challenges and Workarounds

Keep in mind that there may be differences in data formats between TradingView indicators and the Binance API. You may encounter issues with:

• Data analysis

  : The indicator values ​​may not match exactly, or you may need to adjust your code to accommodate any discrepancies.

• Time zone considerations: TradingView indicators usually display prices in a specific time zone (e.g. UTC). When working with the Binance API, be sure to take this into account.

Conclusion

While getting Ethereum trading volume indicator data from TradingView may require some tweaking and extra effort, it is definitely possible.