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 request from my Zerodha clients for posting 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.

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.

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 Trading Symbol column header to sort it alphabatically.

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.

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.

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 live price will start changing in the excel.

Now we will create another sheet and write formulas there. Lets 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”,””)

AND

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 DRREDDY, GRASIM, INDUSINDBK, NTPC and POWERGRID as sell.

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

I have added a 2.5% target and a setup 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 a 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.TO DOWNLOAD EXCEL CLICK HERE

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 creating other buy / sell logics too. Your comments below this post can take this discussion to further heights.

Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.

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.

Ok Avinash, definitely will try to check Darvas Box in Zerodha Pi.

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?

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.

Hi Indrajit, can you help in creating a strategy based on Supertrend for scanner on Pi?

Hello, Good Work –

Abhijit thank you.

Sir can you please make same excel fo BANKNIFTY also.

Anup if BANKNIFTY is in your market watch you can also get its levels. You can check this post meant for Bank Nifty traders: Bank Nifty Open Interest – Follow The Smart Traders

Thanks

can we place order from excel itself

Chandra Mohan yes you can place order from excel itself. For that you need to write your buy sell code in excel and connect excel to Pi with Pi Trading Bridge.

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

Chandra I am sorry, my knowledge is limited till manual trading and code writing for manual trading. For automation you may visit this page: Algo Trading. Saurabh the master trainer can train you on automation.

Brilliant……Excellent tricks in details. Thank you.

Jyotirmoy, hope it will help traders.

Sir I am using Excel 2016 32bit & my OS is Windows 10 but I am not able connect Pi to Excel only I am getting (NA)

Soumendra, make sure you have named your excel file exactly the same name as MarketWatch.

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

Can you please watch this video to get an idea?

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 ?

same here. Did you find a solution?

Sir,

Is it possible to export data from excel sheet back to Zerodha PI ?

No, if you want to export data from MS Excel to a charting software, you can use Amibroker.

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.

Thanks,

Shweta

can we save hourly Data in separate Sheet ?…from input, live intraday Data (From Pi).

Craig yes you can. Import the data from an hourly chart.

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.

i am trying to link excel but i get all NA values how to resolve this please help me

I feel your excel file is not having the same name of your market watch.

Wonderful Indrajit.

Exactly what I was looking for.

Can you make a excel sheet that scan stocks that going up with increase volume and going down with increase volume ?

Wel Kehal will try to post on this topic.

Excel file is showing NA values. MArketwatch name is same although. Pl guide

Make sure you have saved the excel to your /Zerodha/Pi/LinkExcel folder.

showing NA after linking, name is same as market watch . location is also same.

Pradeep, watch this video. This might help.

I am also getting the same error. Can you please guide?

Can you watch the youtube video for a step by step guide?

I am at Pune, your representative is available at PUNE? at present my DEMAT with sharekhan portfolio 8lakhs

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.