Bitcoin: How can I calculate the RSI for Bitcoin in Excel?

Calculation of the Relative Resistance Index (RSI) for Bitcoin in Excel

The relative resistance index (RSI) is a popular technical indicator used to measure the power of the prices of an asset. In this article, we will guide it through the steps to calculate the RSI for Bitcoin in Excel using historical price data.

What is RSI?

The RSI is estimated that the relationship between how much a price has changed (from its means of movement of 26 perds) until its recent price modification, compared to the changing prices of the previous period. A strong bear or a bullish trend will result in an obsolete reading, while strong growth will lead to an overloaded RS reading.

Step by step instructions

• Abra Excel

  

  : Open the Excel spreadsheet where you want to calculate RSI for Bitcoin.

• Configure columns : Configure two columns A and B on the Excel spreadsheet with the following headers: “date” (column a) and “closing price” (column b).

• Create a new column : Create a new column (call it c) that will store the RSI values.

• Calculate the moving average of 26 periods : In cell D2, enter the formula: = A2+0.92*(B2-B1) To calculate the means in the movement of 26 periods of column of “column” closed price “(a).

• Calculate the recent prices change : In cell E2, enter the formula: = (B2-D2)*100 to calculate the recent prices change.

• Calculate RSI : In cell F2, enter the formula: = if ((e2/e1)> 0.8, (f2/f1)+(f2 -f1)/f1)5, (1 - f2 /f1))100 to calculate the relative resistance index (RSI) for Bitcoin.

• Copy and glue : Copy the formula to cell F2 and put it under the cell where you want to show RSI.

Formulas or steps:

To accurately calculate RSI using historical price data, follow these steps:

• Configure a pivot table or use the “Rank” function in Excel to calculate the media in 26 periods.

Use the formula = A2/A2+0.92 (B2-B1) to calculate recent prices change.

Use the formula= (B2-D2) 100to calculate RSI.

You can use different mobile environments, such as 50 periods or 100 periods, changing the number in the formula (for example,= A2/A2+0.85 (B2-B1)).

You can use other formulas, such as= (B2-D2) 100(B2/B1)-((B2-B1)/B1) to calculate RSI.

• You can also use Excel supplements, such as the “compatrical” supplement, which offers more advanced technical analysis characteristics.

Conclusion

The calculation of the relative resistance index (RSI) for Bitcoin in Excel is a simple process that requires basic knowledge of Excel formulas and mobile environments. Following these steps and using the formula or the steps provided, you can accurately calculate the RSI for Bitcoin using historical price data.

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