Bitcoin Barometer - page 3. | Bitcointalksearch.org

bennett616

member

Activity: 70

Merit: 10

http://www.freebitcointips.co.uk/

Quote from: dexX7 on May 18, 2013, 11:14:56 PM

I think you should swap xx sold | yy bought under the barometer to bought | sold. Or maybe it's just me, but I associate top with left and green/top is the first thing you see and because we read from left to right, shouldn't green be the first thing to read, too?

+1

Andy B

dexX7

legendary

Activity: 1106

Merit: 1026

I think you should swap xx sold | yy bought under the barometer to bought | sold. Or maybe it's just me, but I associate top with left and green/top is the first thing you see and because we read from left to right, shouldn't green be the first thing to read, too?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

http://mogsta.com/btc/

lovely little app

sohd

newbie

Activity: 42

Merit: 0

Thanks for all your feedback and help

I'm going to bed now. Will continue working on that tomorrow.

bennett616

member

Activity: 70

Merit: 10

http://www.freebitcointips.co.uk/

Nice! Very usable site for us all

Andy B

hahahafr

hero member

Activity: 938

Merit: 501

Your barometer is now right Cool

Maybe change the term "price" to "value" or "worth", best would be "bullish" for "price up" and "bearish" for "price down", since the price is not processed and it's more about the emotional state of the market (which is an information way more valuable than just the price) Wink

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: hahahafr on May 18, 2013, 06:38:11 PM

Quote from: keewee on May 18, 2013, 06:35:52 PM

So how many btc have to bought or sold to move the needle to either end?

It's the ratio during the period of time.

Ah, got it. Thanks

hahahafr

hero member

Activity: 938

Merit: 501

Quote from: keewee on May 18, 2013, 06:35:52 PM

So how many btc have to bought or sold to move the needle to either end?

It's the ratio during the period of time.

keewee

legendary

Activity: 1025

Merit: 1000

So how many btc have to bought or sold to move the needle to either end?

sohd

newbie

Activity: 42

Merit: 0

price isn't processed, only the amount of btc that have been traded.

keewee

legendary

Activity: 1025

Merit: 1000

Out of curiosity, how much change of price does it take to "pin" the needle?

keewee

legendary

Activity: 1025

Merit: 1000

I think the beta page is ok. As bids are filled (red) the arrow drops and as asks are filled (green) the arrow rises. Looks good!

sohd

newbie

Activity: 42

Merit: 0

/btc/beta/ is now the same as /btc/

i'll stick to the version that's online now. the barometer should indicate what people on the fulfilling side are doing. when they fill ask orders, then they're buying, so bought coins increase, price goes up and so does the arrow. that's the most logical behaviour this barometer can do. or am i confused again? Roll Eyes

hahahafr

hero member

Activity: 938

Merit: 501

On /beta/ if you replace at the bottom "sold" by "bought", and "bought" by "sold" then the arrow is ok.
Or at least change the color if you are the opposite side.

Suggestion 1 : Add the title "State of the market" on top of the page
Suggestion 2 : Rename "Price up" to "Bullish", "Stable" to "Equilibrium", & "Price down" to "Bearish"
Suggestion 3 : Go from a barometer to a chart over time

keewee

legendary

Activity: 1025

Merit: 1000

More bids filled (red) = price dropping, more asks filled (green) = price rising. I think the beta page is correct

edit: damn, now I'm not sure it is correct. Have to watch Clark Moody for a bit Cheesy

sohd

newbie

Activity: 42

Merit: 0

so you think this (http://mogsta.com/btc/beta/) has the correct arrow movement? that's what i also thought, but got confused by hahahafr, so i made it like it's now..

willphase

hero member

Activity: 767

Merit: 500

quite cool - but I think that it's the wrong way round.

if people are buying bitcoins - i.e. bitcoins are being sold - then that is good i.e. the barometer should be indicating UP - but it seems that the barometer indicates down in this case...?

caveat: this based on a few minutes watching transactions on bitcoin.clarkmoody.com and comparing, not from looking at the source.

Will

sohd

newbie

Activity: 42

Merit: 0

http://mogsta.com/btc/ - fixed the confusion in the code + relabled "BUYING" and SELLING" to "PRICE UP" and "PRICE DOWN"

Franktank

hero member

Activity: 560

Merit: 500

Very useful! Thanks!

sohd

newbie

Activity: 42

Merit: 0

@hahahafr:
I'm getting it :>

It's different perspectives: i'm viewing this from the side where the people are that placed their orders.
The other (correct) side is where the people are that fulfilled orders.

I'm about to fixing this.

Order placement isnt used for calculation, just trades that really happened. But i think you saw that in my code Cheesy

Topic: Bitcoin Barometer - page 3. (Read 14112 times)