Ethereum: How is BID and ASK Calculated for crypto currencies?

Understanding Bid and Ask Calculations for Ethereum Orders

As you In this article, we’ll break down the process of calculating bid and ask on Ethereum using the cryptsy api.

What are bid and ask prices?

Bid (bid) price represents the highest price and buyer is willing to pay for an asset at any given moment.

Ask (Ask) Price represents

How are bid and Ask calculated?

On Ethereum, bid and ask prices are calculated based on real-time market data. The Process Involves:

Market Data Retrieval : The Cryptsy API Retrieves Market Data from the Ethereum Exchange’s Servers.

These Calculations Typically Involve:

* Average True Range (ATR)

* Moving Averages

* Relative Strength Index (RSI)

Time stamping : the calculated bid and ask prices are timestamped with their respective timestamps.

Price storage :

Cryptsy API Implementation

To implement the bid and ask calculation on your graph, you’ll need to:

`http

-X GET \ CURL

-H ‘authorization: bearer your_access_token’ \

-d ‘id = 1’

Response:

`Json



{

  "bid": [

    {"Timestamp": 1643723400, "Price": 2.5435},

    {"Timestamp": 1643719400, "Price": 2.5428}

  ],

  "Ask": [

    {"Timestamp": 1643723400, "Price": 2.5447},

    {"Timestamp": 1643719400, "Price": 2.5433}

  ]

}

Graph implementation

Data Structure Like an array or hash map to store the calculated prices. Here’s an example implementation using Python:

`python



import json

Class EthereMarket:

    def __init __ (self):

        self.bids = []

        self.asks = []

    DEF GET_BIDS (SELF):

        for bid in self.bids:

            Print (F "Timestamp: {BID ['Timestamp']}, Price: {BID ['Price']}")

    def you get_asks (self):

        for ask in self.asks:

            Print (F "Timestamp: {Ask ['Timestamp']}, Price: {Ask ['Price']}")



Example Usage

market = EthereMarket ()

market.get_bids ()

While True:

    Response = Input ("Enter 'Get Bids' to retrieve current prices or 'exit' to quit:")

    If response == "Exit":

        break

    Else:

        market.get_asks ()

This code retrieves the current .

Tips and variations

Asset or timestamps, to enhance your graph’s functionality.

The cryptsy api, you can create a powerful graph that effectively visualizes order data in your cryptocurrency market.