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Author Topic: Retailers need a VWAP (volume weighted average price) widget  (Read 1307 times)
canadaduane
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June 07, 2011, 05:50:49 PM
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Does anyone know of a website/widget where one can go to average out some of the volatility over the past little while, and get a USD/BTC rate out?

For example, if I'm a retailer and I want to offer a "spot" price to a customer buying some of my goods, what price should I offer? I'd like to see a widget where I can type in the number of days to average (say, "7") and get a $/BTC value back.

Already built somewhere?
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Stephen Gornick
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June 07, 2011, 06:21:05 PM
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I'd like to see a widget where I can type in the number of days to average (say, "7") and get a $/BTC value back.

A widget for displaying price using that is easy.  Getting your shopping cart software to display and use that price using that is a little more complicated, requiring customization likely at this point.

As far as a widget -- here's a thread on one:
  http://forum.bitcoin.org/index.php?topic=8895.0
Perhaps either of the widget authors from the thread will consider adding a configurable weighted average.

[Edit: a json feed with weighted average prices (1-day, 7-day, 30-day) here: http://bitcoincharts.com/t/weighted_prices.json ]


MoonShadow
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June 07, 2011, 06:33:20 PM
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Does anyone know of a website/widget where one can go to average out some of the volatility over the past little while, and get a USD/BTC rate out?

Bitcoinwatch.com has 24hour, 7 day, and 30 weighted average statistics on the bottom of the main page.  If you can extract that number once a day, you should be able to set prices automaticly.  If need be, take the 24 hr number and add an extra 1% to cover your but against the near term voltility.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
canadaduane
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June 07, 2011, 07:20:50 PM
 #4

I'd like to see a widget where I can type in the number of days to average (say, "7") and get a $/BTC value back.

A widget for displaying price using that is easy.  Getting your shopping cart software to display and use that price using that is a little more complicated, requiring customization likely at this point.

As far as a widget -- here's a thread on one:
  http://forum.bitcoin.org/index.php?topic=8895.0
Perhaps either of the widget authors from the thread will consider adding a configurable weighted average.

[Edit: a json feed with weighted average prices (1-day, 7-day, 30-day) here: http://bitcoincharts.com/t/weighted_prices.json ]



Thanks, this is just what I was looking for.
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