Candlestick Chart in Excel

Written by

Editorial Team

Reviewed by

Steve Rynearson

Last updated on October 30, 2023

This tutorial will demonstrate how to create a Candlestick Chart in Excel.

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candlestick chart excel

What is a Candlestick Chart?

Candlestick charts display an asset price’s Open, High, Low, and Close prices over a period of time. They are sometimes referred to as the Japanese Candlestick chart. It’s name comes from its appearance: The graph looks like candles with a wick sticking out from both sides of the wax.

Layout of a Candlestick Chart

Each data point in the Candlestick chart will look like this:

candlestick bearish bullish

If the asset price closes higher than it opens (referred to as “Bullish”), the wax part of the candlestick will not be filled in. Alternatively, if the asset price closes at a lower price than it opens (Bearish), the wax will be a solid color.

You can see how the Candlestick graph can easily convey a lot of information. You can compare the High, Low, Open, and Close prices at a glance, allowing you to identify the daily volatility.

 How to Create a Candlestick Chart

Below is a step-by-step guide to creating a candlestick graph.

Step #1: Data Preparation

First, you must organize your data in columns containing the Open, High, Low, and Close prices (in that order).

candlestick chart data

Optionally, you can also add a data label column to the front of the data. Usually this will be dates corresponding to the asset prices (as shown above).
Note: If the order does not match, your chart will not display properly and you will need to edit the Chart Data once the chart is created.

Step #2: Create the Chart

  1. Select your chart data
  2. Go to “Insert”
  3. Click the “Recommended Charts” icon
  4. Choose the “Stock” option
  5. Pick “Open-High-Low-Close” (See note below)
  6. Click “OK”

create candlestick chart

Now you should see a chart that looks like this:

candlestick chart

From here you can edit the chart to make it look however you’d like.

Download Candlestick Chart Template

Download our free Candlestick Chart Template for Excel.

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