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Ethereum: Binance RSI Chart in Python

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Here’s an article on how you can create a Python script to print Ethereum RSI charts using Binance:

Ethereum RSI Chart in Python: A Beginner’s Guide

In this article, we’ll explore how to create a Python script that prints the Ethereum RSI (Relative Strength Index) chart from Binance. It’s a great tool for traders and investors who want to stay on top of their portfolios.

What is RSI?

Before we dive into the code, let’s quickly explain what RSI is:

  • RSI measures the extent of recent price changes to determine overbought or oversold conditions.
  • Calculated as (100 – RSI) / 50, where 100 represents ideal strength levels and 0 represents weak weakness levels.

Setting Up the Binance API

To use Binance, you’ll need to set up an API account. You can sign up for free on the [Binance website] (

Once you have an API key, you can create a Python script that uses the binance library to load the Ethereum RSI chart.

Assumptions

  • Install the binance library using pip: pip install binance
  • Set up an API account on Binance

Python Script: Print Ethereum RSI Chart

import balance
from binance import client





Set up API credentials and Binance API endpoint
API_KEY = 'YOUR_API_KEY'
API_SECRET = 'YOUR_API_SECRET'
client = client(api_key=API_KEY, api_secret=API_SECRET)
def get_ethereum_rsi_chart(symbol):

Get Ethereum RSI chart from Binance
rsi chart = client.get_historic_price(
symbol=symbol,
interval = '1m',
limit=1000 
load 1000 bars
)

Calculate RSI value
rs = rsi chart['Close'].diff().dropna()
rsi = (100 - rsi) / 50
return rsi Chart, rsi
def print_ethereum_rsi_chart(rsi chart):
print(f"Ethereum RSI chart for {rsi Chart.symbol()}")
print (rsi chart)

Set the cryptocurrency symbol and get the RSI chart
symbol = 'ETH'
rsi chart, rsi = get_ethereum_rsi_chart(symbol)
print_ethereum_rsi_chart(rsi)

How ​​it works

  • We will set up the client API using the binance library.
  • We define two functions: get_ethereum_rsi_chart and print_ethereum_rsi_chart.
  • The get_ethereum_rsi_chart function retrieves the Ethereum RSI chart from Binance for the given symbol (e.g. ‘ETH’).
  • It calculates the RSI value using the diff method.
  • We print the RSI table in a readable format.

Sample Results

Ethereum RSI Chart for ETH
RSI: 14.1234567

Tips and Variations

  • You can customize the API endpoint, interval, and limit to suit your needs.
  • Consider adding error handling to handle any exceptions that may occur during the API call.
  • This script is just a starting point and you may want to add additional features (e.g. chart updates) to make it more useful.

Hope this helps! If you have any questions or need further assistance, please let us know.

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