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How to Create Dynamic Variance Charts with Arrows | Show Change to Previous Year / Budget Video

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Quickly learn how to create an Excel "arrow" chart that shows variances (percentage change) using custom error bars.

⬇️ Download the free workbook here: https://pages.xelplus.com/variance-chart-file

Here's what you'll discover:
β–ͺ️ Advanced Charting Techniques: Learn two innovative methods to enhance dynamic variance charts in Excel
β–ͺ️ Dynamic Arrow Bars Exploration: Explore how to play with arrow bars to achieve unique visual effects in your variance charts.
β–ͺ️ Step-by-Step Instructions: Follow detailed steps to transform standard arrow bars into visually appealing elements in your chart, ensuring they dynamically change with your data.
β–ͺ️ Customization Tips: Discover how to customize arrow bars, align them uniquely, and adjust data labels for clear and impactful visualization.
β–ͺ️ Practical Applications: See real-time examples of how changing the values in your data set impacts the appearance of the arrow bars in the chart.

You can use this excel graph to show the variance of actual values to budget, variance to outlook / forecast, variance to previous year information etc....

In the first video (https://youtu.be/A3NfEkf8S0o), I showed you how you can use conditional formatting in Excel Column or Excel Bar charts. I also showed you how you can conditionally format the data labels in Excel graphs to show a different color if the values are positive to when the values are negative.

In the second video: https://youtu.be/73s3qej4vi0 I showed you how you can use the Excel error bar technique to create really thin bars (or thick lines) which has a more subtle effect. The result is a visually effective chart that doesn't distract the readers attention from the main chart but also communicates the difference to previous year visually as well.

In this video, we build on the error bar technique and disguise them to look like arrows which are conditionally formatted - green to show positive change and red for negative change.

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