First contribution to AgX: Mayer Multiple for Steem/Sbd

Few days ago, @aggroed approached me to help him prepare an automatized Mayer s Multiple calculator for Steem/SBD.

I will let him explain in greater details when the whole thing is ready but basically the Mayer's multiple is the 200 days moving average of a currency pair. It has been proven to be a great tool for predicting the BTC evolution over the USD.

Techno

• The backend runs on Node.js
• I am considering using Parse Server and using MongoDb to avoid recalculating the same values over and over. I will probably put the whole thing on Heroku in a future iteration

Current features

• Using Bittrex API to get STEEM/BTC and SBD/BTC prices
• Extract last 200 days
• For each day, computes the average price (High and Low are provided)
• Calculate daily STEEM/SBD
• Calculate the Mayer's multiple (200 days moving average)

How to run it

• Clone from Github
• npm install
• npm run start

Future developments

• Store Mayer s Multiples using MongoDb
• Draw 6-months charts (STEEM/SBD + Mayer s Multiple)
• Post automation

That should be quite useful to find the right moment to change your SBDs for a maximum profit.
Stay tuned ;)

@stoodkev

---

Posted on Utopian.io - Rewarding Open Source Contributors

---