This article will explain How to Create a Candlestick Chart in Google Sheets.
A Candlestick Chart belongs to a financial chart category that shows the price changes of securities over time is known as a candlestick chart.
By condensing all four information into one visual, the candlestick chart can display the Open, High, Low and Close data values of a stock price.
How to Create a Candlestick Chart in Google Sheets : Step By Step Guide
Enclosed are the steps to Create a Candlestick Chart in Google Sheets
Step 1 : Open Google Sheet and prepare yout data set
As a first step we will need a data set for which we can create a Candlestick Chart
For this example we will use the below dataset where we have the weekly stock price details .
Step 2 : Insert a Candlestick Graph
- Select any cell within the data set and press CTRL+A to select the entire dataset .
- Now Click on the Insert menu and Select Chart from the drop-down
Google Sheets will automatically insert a Candlestick Chart for your selected range of data.
In case some other Chart type is generate ,Simply click on the three dots on the generate Chart and Go to Edit the Chart
This will open a Chart Editor Under Chart type you can change the Chart to Candlestick Chart from th drop -down options.
Step 3 : Customize the Candlestick Chart.
You can easily customize your generated Candlestick Chart by Clicking on the Customize tab on the Chart Editor.
Just for example you can change the title to ‘Weekly Stock Price‘ and change the background color as per your preference
How to Interpret a Candlestick Chart
An individual candlestick represents each unit of time on the candlestick chart. In our previous example , each month’s price changes are represented by a single candlestick.
An individual candlestick represents each unit of time on the candlestick chart. In this instance, each month’s price changes are represented by a single candlestick.
The price range between the opening and closing prices of the trading month is represented by the following candlestick.
The candlestick’s top and bottom indicate the closing and opening prices, respectively.
How do I make a candlestick chart?
Open your spreadsheet
Select your dataset for which you want to create a candlestick chart
Go to Insert->Chart
Google Sheets will automatically insert a Candlestick chart for your selected data
How to Create a Candlestick Chart in Google Sheets(Conclusion)
In the above tutorial we have shown you a step by step guide using which you can create a Candlestick Chart in Google Sheets.
We hope this tutorial on How to Create a Candlestick Chart in Google Sheets was useful.
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