) Connectors – Connectors 1 to 4 correspond to Axis Labels North to West in the example above. The numbers here should all be the same and be some number about 1/4 to 1/3 the value of your lowest Element Value. These will eventually hold text labels for the Element Values (Column C).
Label Spaces – Again this is optional.These are represented by the blue column segments in the above chart. Element Values – These are whatever numbers you want to highlight in your chart.Whereas nothing proceeds North in the example above leave its base value blank. Base Values – A running total of the subsequent Element Values (Column C).Horizontal Axis Labels – self explanatory.Step 1: Enter all of the required series in a worksheet: For the chart above, four label connector series are needed. You will need one column (series) for each of the data elements (excluding one for the total). Label Connectors: This is the key item needed to create the chart as shown above.Label Spaces: This is optional but it allows you to place the value of you data elements on top of their respective bars (this avoids the use of the annoying Label Position options available after one has used Add Data Labels).Element Values: the meat and potatoes of your chart – the value of your elements as you want them to appear (above these are 40, 30, 20, 10 and 100).Base Values: What your element values will “sit on.” Essentially this is the white space beneath each charted element shown above.Horizontal Axis Labels: in the example above North, East, South and West.List of data series (columns) needed for your chart: Steps to Building a Better Waterfall Chart With some simple charting trickery in Excel 2007 one can easily make a waterfall chart with connectors that will update automatically as element values are changed. The frustration with this approach is that all too often the values of the chart elements will need to be updated or changed forcing user to manually readjust each of their connector lines in turn. Many users of waterfall charts employ the separated (default) version (example B) opting to add in element connectors manually via Insert>Shapes>Line on the Excel tool bar. They are always either pushed together (Example A) or left apart, without element connectors (Example B): The principle problem with these charts is the separation between the elements of the waterfall. While there are several tutorials on how to make a waterfall chart online the end products of these tutorials rate low on the visually appealing scale. Waterfall charts are great, especially for visually showing the contribution of parts to a whole. This is a guest post from Aaron Henckler.
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