Yash Mehta
Yash Mehta

@YMehta_

14 Tweets 13 reads Jan 19, 2024
Google Sheet is a powerful tool, but most people don’t know how to use it to excel in TRADING and INVESTING 📖
Top Google Sheet features every trader and investor should know in this Thread 🧵:
How you can use some secret features of Google Sheet and Google Finance in your trading together?
5 things that a trader should know and implement:
GOOGLEFINANCE(ticker, [attribute], [start_date], [end_date|num_days], [interval])
The above function is a basic one.
Let's decode each parameter in this:
⚡️ Ticker: This is the symbol of the stock.
"NSE: RELIANCE" is the ticker for Reliance Industries
⚡️ Attribute:
The attribute to fetch about ticker from Google Finance and is required if a date is specified.
The following data can be fetched:
-Open
-Close
-High
-Low
-Volume
-Market Cap
-Price (Ltp)
-52-week high
-52-week low
-Change in price
⚡️ Start_Date (Optional): The start date when fetching historical data.
⚡️ End_Date|Num_Days (O): The end date when fetching historical data, or the number of days from start_date for which to return data.
⚡️ Interval (O): The frequency of returned data; either "D" or "W"
1/ Fetching Stock Price Live
GOOGLEFINANCE("NSE:TCS","PRICE")
This function will help you in fetching stock price live.
Make sure you mention exchange and ticker code properly.
Attribute can be price or any of the above attribute.
2/ Fetching Stock Price of any particular date:
GOOGLEFINANCE("TCS","PRICE", "01/02/2022")
This function will fetch the TCS stock price as on 1st Feb 2022.
Output is shown in the image below image.
3/ Fetching Stock Price for an interval:
GOOGLEFINANCE("NSE:TCS","price","01/06/2022","15/06/2022")
This will fetch Trent Daily Stock Price from 1st June to 15th June 2022.
Output is shown in the image below image.
4/ Fetching Stock Price for an interval on weekly basis:
GOOGLEFINANCE("NSE:TCS","price","01/10/2021","15/01/2022", "Weekly")
This will fetch Trent Weekly Stock Price from 1st Oct to 15th Jan 2022.
Output is shown in the image below image.
5/ These were the Google Finance functions for stocks.
Some basic function which you can use are:
⚡️ "Today()" = Fetch Current Date.
⚡️ "Today()-30" = Fetch 30 days back date.
⚡️ EDATE("01/02/2022",-3) = Fetch 3 months back date.
How you can use this Google Sheet in your trading?
⚡️ Track all your open and close position, just like how we are doing this for years.
⚡️ If you monitor your closed position, then you can create a graph of your capital and NAV/Equity Curve easily.
⚡️ Pull out entire data of any stock or index for any particular duration automatically.
In the image, we are fetching the last 7 years' data of TCS price in just a few seconds, otherwise it would have taken hours.
Above data, you can use to do backtesting of any strategy.
⚡️ Create your money or risk management tool on Google Sheet:
This is how you can create your own Risk Management Google Sheet with basic functions.
Based on risk % per trade, it will automatically calculate the quantities that you can buy in a stock.
These are the best features of Google Sheet that a trader should try out in their trading and analysis.
If you found this useful, please RT the first tweet.
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