Create Rotational Strength Matrix (NSE Indices) | Google Finance | Google Sheets Tutorial
Rotational Strength Matrix or RSM is a really useful tool to get insights at a sectoral level and employ a top down approach to scan stocks for investment purposes.
In this video, we create RSM chart utilizing google finance to extract index values and couple that with Relative Strength with respect to benchmark (generally Nifty 50)
Interested in knowing which Indexes are Outperforming/Strengthening/Cooling Off/Underperforming ? RSM visualization will certainly help you scan for strong sectors.
Let's dive in and create our own Relative Strength Matrix or RSM.
Google Finance Tutorial Playlist : • Google Finance Explained
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Chapters :
0:00 Introduction to RSM Visualization
3:54 Theory and Definitions
10:23 Deep diving into formulas
28:12 How to build custom RSM ?
34:12 Let the plotting begin...
38:02 Summary & Disclaimer
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