V. 19:12 (56-57): Sidebar: Detrending a bar chart in Excel by Charles E. Miller

V. 19:12 (56-57): Sidebar: Detrending a bar chart in Excel by Charles E. Miller
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Sidebar: Detrending a bar chart in Excel by Charles E. Miller

DETRENDING A BAR CHART IN EXCEL

The technique used here is just about the simplest I can suggest for those who might not be fluent in Excel. Aficionados will doubtless see the numerous oppor-tunities to improve and/or automate this manual system, which consists of two worksheets and one chart. I suggest you first build the small model sheet shown in sidebar Figure 1 to see how, in simplified form, the working sheet is built and operated. If you can reproduce the accompanying charts, then itís safe to expand the sheet to suit your own needs.

Constructing your spreadsheet

Sheet 1: Raw data. The first step is to paste ASCII text data for an index or a security into an Excel spreadsheet. I prefer to paste several years of date, high, low, and close data into its own sheet. Sheet 2: Working. Create the (second) working sheet shown in sidebar Figure 1. The data will be pasted into columns A:D, and each data row will be an array of values.




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