Python for Algorithmic Trading
This article is going to be a bit special. I am going to test the latest release from Yahoo Finance API for Python, which provide the possibility to get live cryptocurrency data with less than a second lag for free.
Press enter or click to view image in full size
Photo by Kevin Rajaram on Unsplash
According to Google Trend, Bitcoin is officially one of the most trendy search terms of 2021. Between October 2020 and January 2021, the number of research for “Bitcoin” has been multiplied by 11. And the number of people using the search term “bitcoin vault” increased by 3,500%. (Source)
Understanding the Surge in Cryptocurrency Interest
As data enthusiasts, it’s crucial to stay informed about the latest trends and technologies. The surge in interest around Bitcoin and other cryptocurrencies highlights the growing importance of having up-to-date data at our fingertips. This is especially true for those involved in algorithmic trading, where timely data can make or break a strategy.
Real-Time Data Access with Yahoo Finance API
In this article, we will explore how to access real-time cryptocurrency data, with a remarkable lag of just +/- 0.1 seconds, using the Yahoo Finance API. I’ve personally tested this API to verify its speed and reliability. Does it live up to the expectations? Let’s delve into the details.
Implementing the Solution
If you are keen to hack it by yourselves now, you can get the full Python code and tutorial video which I recorded for you, at the end.
For those eager to dive into the technical implementation, I’ve prepared a comprehensive Python script and a tutorial video. These resources will guide you step-by-step through the process of setting up and utilizing the Yahoo Finance API to fetch live cryptocurrency data efficiently.
For more in-depth insights and the full code, visit the source article at Medium.
