<<  >> (p.15)
    Author Topic: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]  (Read 417524 times)
    Stephan224 (OP)
    Sr. Member
    ****
    Offline

    Activity: 449
    Merit: 250


    Software developer


    View Profile WWW
    October 17, 2013, 12:13:05 PM
     #281

    Candlesticks are always based on trades, not on bids and asks. But I definitely would really enjoy both to be available :-).

    Also how do the bid and ask prices currently interact with your indicators?

    When you calculate RSI is it on Bid or Ask or on the Midpoint?

    The interaction with the indicators depends on the coin position. If you own coins and you are looking to sell them you need look at the current sell price. If the do not own the coins and you want to buy them you need to look to the buy price. So i use both prices for the indicator.

    The RSI (and its calculation) is based on the buy price. The same applies to the moving averages, they are also based on the buy price. The buy price is the leading price for a currency, like you said, the candel chart are also based on the buy prices.

    Lead developer of Haasonline Software Engineering and owner of Haasonline.com - Checkout my Simple Trade Bot on: https://bt.irlbtc.com/view/211979.0
Page 14
Viewing Page: 15