The advantage of this approach is simplicity.

Data used to create floating column chart with up down bars

Data used to create floating column chart with up down bars

Data used to create floating column chart with up down bars

Data used to create floating column chart with up down bars

Data used to create floating column chart with up down bars

Insert line chart from ribbon

Select basic 2d option

Chart as inserted

Select chart and add up/down bars

Select each data series and set to no line

After setting each data series to “no line”

Format axis to set upper and lower bounds

Final floating column chart before title, sizing, font, etc.

Data used to create floating column chart with up down bars