Googlefinance is a powerful tool that can be used to get real-time financial data for a wide range of assets, including forex pairs. One of the most commonly used data points in forex trading is the open high low (OHL) for a given currency pair. In this article, we will explain how to get the OHL for a forex pair using Googlefinance.
To begin with, it is important to understand what the OHL represents. The open price is the price at which a currency pair starts trading at the beginning of a trading session. The high price is the highest price that the pair reaches during the trading session, while the low price is the lowest price that it reaches during the same session. These three pieces of information are crucial for any forex trader looking to make informed decisions about buying and selling a particular currency pair.
To get the OHL for a forex pair using Googlefinance, you will need to follow the steps outlined below:
Step 1: Open a Google Sheet
The first step is to open a new or existing Google Sheet. If you do not already have a Google Sheet, you can create one by going to Google Drive, clicking on “New” and selecting “Google Sheets” from the drop-down menu.
Step 2: Enter the formula
Once you have opened the Google Sheet, you will need to enter a formula in a cell to get the OHL for a forex pair. The formula that you need to enter is:
=Googlefinance(“CURRENCY:PAIR”,”all”)
Replace “CURRENCY:PAIR” with the name of the forex pair that you want to get the OHL for. For example, if you want to get the OHL for the EUR/USD pair, you would enter “CURRENCY:EURUSD” in the formula.
Step 3: Press enter
After you have entered the formula, press enter. The cell will display a range of financial data for the forex pair, including the OHL for the current trading session.
Step 4: Format the data
Once the data has been displayed in the cell, you may want to format it to make it easier to read. To do this, select the cell or cells containing the data and go to the “Format” menu. From here, you can choose to format the data as currency, percentage, or any other format that you prefer.
Step 5: Use the data
Now that you have the OHL for the forex pair, you can use this information to make informed trading decisions. For example, if the current price is close to the high for the session, you may want to consider selling the pair. On the other hand, if the price is close to the low for the session, it may be a good time to buy.
Conclusion
Getting the OHL for a forex pair using Googlefinance is a simple process that can provide valuable information for forex traders. By following the steps outlined in this article, you can easily get real-time financial data for any forex pair of your choice. Armed with this information, you can make informed trading decisions and increase your chances of success in the forex market.
