RSI Calculator + Indicator: A Spreadsheet for Identifying Overbought and Oversold Signals
RSI Calculator + Indicator Spreadsheet using GOOGLEFINANCE Function
Relative Strength Index (RSI) is a popular trading indicator that measures the speed and magnitude of price changes. It is a momentum indicator, which means that it measures the strength of the current trend.
RSI can be used to identify overbought and oversold conditions.
👉 When RSI is above 70, it is considered overbought, which means that the market is likely to reverse and go down.
👉 When RSI is below 30, it is considered oversold, which means that the market is likely to reverse and go up.
You can easily calculate RSI using Google Sheets.
Here is a simple formula:
RSI = 100 - (100 / (1 + (Average Gain / Average Loss)))
Once you have calculated RSI, you can use it to identify potential trading opportunities. For example, if RSI is above 70 and the price is starting to decline, it may be a good time to sell. If RSI is below 30 and the price is starting to rise, it may be a good time to buy.
RSI is a powerful tool that can help you improve your trading profits. If you are serious about trading, I encourage you to learn more about RSI and how to use it.
Please note that only the cells highlighted in yellow can be edited. Editing other cells may cause the spreadsheet to malfunction.
You will receive 2 sheets with this RSI Calculator + Indicator. Please find the images of the sheets below:
Image 1 👇🏾
Image 2👇🏾
👉 Regular Price: $17.95. Now Just: $9.99!
How to use this tool?
Disclaimer:
- This spreadsheet is provided “as is” and for “Entertainment Purposes Only”.
- I do not guarantee the results, and I assume no liability whatsoever.
- Before making any buy, hold, or sell decisions, it is highly recommended that all investors conduct independent research on the individual stocks in question.
- Investors are also cautioned that prior stock performance does not guarantee future price growth.
- Data Accuracy Warning: Google Finance updates This sheet automatically, and the data may be delayed or incorrect.
- The RSI Calculator + Indicator is not intended to provide investment advice or recommendations. The information provided by the RSI Calculator + Indicator is for informational purposes only and should not be relied upon for making investment decisions. You should always conduct your research and consult with a financial advisor before making any investment decisions.