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Zerodha Pi To Excel To Build An Excel Trading System

Connect Zerodha Pi To Excel

A few days back I have written How To Create Intraday Trading Excel Sheet From Sharekhan TradeTiger? That post has got very good response from my readers and I have got many requests from my Zerodha clients for posting to know how on creating simiter excel trading system connecting Zerodha Pi to excel. If you dont have Zerodha Pi, you can apply for a Zerodha account by clicking HERE.

Steps involved in connecting Zerodha Pi to Excel

First login to your Zerodha Pi terminal. Once Pi is logged in open the Nifty50 all scrips market watch by clicking File –> Predefined WorkSpace –> NSE –> Nifty 50. It will load all Nifty50 stocks in your MarketWatch.

Zerodha Pi Open Marketwatch

My Nifty50 MW (my given name for this MarketWatch) is open. Now the MarketWatch needs to be sorted by symbol name. So please click on the Trading Symbol column header to sort it alphabetically.

Zerodha Pi MarketWatch

Now right click on the market watch and click LINK TO EXCEL (Ctrl+E). This will connect Zerodha Pi to excel and save the market watch data in an excel sheet to the location \Zerodha\Pi\LinkExcel\Nifty50 MW.xlsx.

Zerodha Pi Link To Excel

If you have already a saved excel in that location, for second time use or recurring use, it will ask you to replace the excel file.

Zerodha Pi Replace Link To Excel

Now the excel file will automatically open. It will contain only 1 sheet called Nifty50 MW (same name as MarketWatch). In case the market is open, the live price will start changing in the excel.


Creating a trading system on Excel after connection Zerodha Pi to Excel

Now we will create another sheet and write formulas there. Let’s work on the same formula Open High Low Same Trading Strategy For Indian Stock Market. To build our excel trading system lets create 2 columns in sheet2 called Open=Low and Open=High.

The formula for Open=Low column 2nd row is:
=IF(‘Nifty50 MW’!H2=’Nifty50 MW’!J2,”BUY”,””)


The formula for Open=High column 2nd row is:
=IF(‘Nifty50 MW’!H2=’Nifty50 MW’!I2,”SELL”,””)


Now select the row A2 and hold the extreme right bottom corner of the cell and drag below through entire column. It will copy the formula in the rows below. Repeat the step for B2 column too. Check the image below:


So in the excel trading system, now we get BUY or SELL scrips. Today (2nd March 2017), I have got AMBUJACEM, COALINDIA AND ULTRACEMCO as BUY and got DR REDDY, GRASIM, INDUSINDBK, NTPC and POWERGRID as selling.

Setting a target and stop-loss

Setting a target and stop loss in the Excel Trading System:

I have added a 2.5% target and a set up a stop loss 2 ticks below day’s low for BUY and 2 ticks above day’s high for days low. I will round the targets and stop loss to 2 decimal places by formating the excel cells as shown below. Finally I have decorated the sheet a bit and renamed the sheet2 as trade.

So we have completed creating an excel day trading spreadsheet by connectiong Zerodha Pi to excel. If you are unable to connect Zerodha Pi to excel yourself, you can download my excel sheet from below.

Link To Excel Zerodha Pi

Now after you downloaded my excel file from above just save it to your /Zerodha/Pi/LinkExcel folder.

l levels instantly. Check this youtube video for the whole process of data import:

You can use this excel sheet for creating another buy/sell logics too. Your comments below this post can take this discussion to further heights.

55 thoughts on “Zerodha Pi To Excel To Build An Excel Trading System”

  1. Thanks a million for the email regarding excel sheet i’ll try it out.I request you to do some research regarding Darvas box which is there in Pi chart settings.

  2. Hello Indrajit,
    How can we keep the Trading calls generated from the open=low/open=high system constant till the end of the day in excel sheet?

    1. Kaushal, they will remain constant unless and until the high / low gets breached. To keep it same throughout the day you need to simply close the market watch OR Pi. This will stop Link To Excel command.

  3. Thanks Indrajit for quick reply. can you please help in writing buy sell code for open=low and for open=high. thanks again

  4. Yes sir one is Default and other is Nifty 50 but when I am connecting the excel file opening automatically with the marketwatch name and the content is NA

  5. Sir for amibroker (above mentioned link) the excel file is generated in exported folder this is fine but from LinkExcel file the price is not coming all the cells are marked .NA. Is there any extra configuration required ?

  6. Hi Indrajit,

    Thanks for such a detailed description.

    I would like to get the buy/sell signals created in Zerodha Pi Expert Advisor into MsExcel.

    Could you please let me know how to do it.


  7. Hello sir,

    Thank you for this wonderful post but i have a small problem which time frames high or low you prefer i.e. we came to know if open and high of first candle is same the we should sell and vice versa for buy but problem is which time frames candle we have to choose.

    And one more information is i want to export data from pi to excel but i want only 1st 15min candles data how to restrict this sir?

    Thank you in advance.

  8. I was looking for something like that and found very awesome.
    However, I was trying to figure out the formula to get the high and low of first 15 minutes or opening range.
    Can you please help me to get that.

  9. Sir when linking to excel…only NA coming… file name same.. location same as u guided still NA coming..no price or script showing…… is this the problem of excel bits?? 32 bit or 64 bit excel sheet is required for this purpose?? Plzz help

  10. Not able to link excel. Every time i link excel and it opens, then closes on its own. Some HRESULT error shows up. Kindly help.

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