diff --git a/freqtrade/templates/strategy_analysis_example.ipynb b/freqtrade/templates/strategy_analysis_example.ipynb
index 5fb14ab2f..f7d68b41c 100644
--- a/freqtrade/templates/strategy_analysis_example.ipynb
+++ b/freqtrade/templates/strategy_analysis_example.ipynb
@@ -7,7 +7,7 @@
     "# Strategy analysis example\n",
     "\n",
     "Debugging a strategy can be time-consuming. Freqtrade offers helper functions to visualize raw data.\n",
-    "The following assumes you work with SampleStrategy, data for 5m timeframe from Binance and have downloaded them into the data directory in the default location."
+    "The following assumes you work with SampleStrategy, data for 5m timeframe from Binance and have downloaded them into the data directory in the default location, using command like `freqtrade download-data --exchange binance --trading-mod spot --pairs BTC/USDT --days 7 -t 5m`."
    ]
   },
   {
@@ -23,7 +23,21 @@
    "metadata": {},
    "outputs": [],
    "source": [
+    "import os\n",
     "from pathlib import Path\n",
+    "\n",
+    "# Change current working directory from `somedir/freqtrade/user_data/notebooks` to project root `somedir/freqtrade`, so relative paths remain consistent.\n",
+    "if not Path(\"LICENSE\").is_file():\n",
+    "    os.chdir(\"../../\")\n",
+    "print(Path.cwd())"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": null,
+   "metadata": {},
+   "outputs": [],
+   "source": [
     "from freqtrade.configuration import Configuration\n",
     "\n",
     "# Customize these according to your needs.\n",
@@ -31,14 +45,14 @@
     "# Initialize empty configuration object\n",
     "config = Configuration.from_files([])\n",
     "# Optionally (recommended), use existing configuration file\n",
-    "# config = Configuration.from_files([\"config.json\"])\n",
+    "# config = Configuration.from_files([\"user_data/config.json\"])\n",
     "\n",
     "# Define some constants\n",
     "config[\"timeframe\"] = \"5m\"\n",
     "# Name of the strategy class\n",
     "config[\"strategy\"] = \"SampleStrategy\"\n",
     "# Location of the data\n",
-    "data_location = config['datadir']\n",
+    "data_location = config[\"datadir\"]\n",
     "# Pair to analyze - Only use one pair here\n",
     "pair = \"BTC/USDT\""
    ]
@@ -56,7 +70,7 @@
     "candles = load_pair_history(datadir=data_location,\n",
     "                            timeframe=config[\"timeframe\"],\n",
     "                            pair=pair,\n",
-    "                            data_format = \"hdf5\",\n",
+    "                            data_format = \"json\",\n",
     "                            candle_type=CandleType.SPOT,\n",
     "                            )\n",
     "\n",
@@ -365,7 +379,7 @@
  "metadata": {
   "file_extension": ".py",
   "kernelspec": {
-   "display_name": "Python 3.9.7 64-bit ('trade_397')",
+   "display_name": "Python 3.11.0 64-bit",
    "language": "python",
    "name": "python3"
   },
@@ -379,7 +393,7 @@
    "name": "python",
    "nbconvert_exporter": "python",
    "pygments_lexer": "ipython3",
-   "version": "3.9.7"
+   "version": "3.11.0"
   },
   "mimetype": "text/x-python",
   "name": "python",
@@ -430,7 +444,7 @@
   "version": 3,
   "vscode": {
    "interpreter": {
-    "hash": "675f32a300d6d26767470181ad0b11dd4676bcce7ed1dd2ffe2fbc370c95fc7c"
+    "hash": "945ba00099661281427cc644a7000ee9eeea5ce6ad3bf937939d3d384b8f3881"
    }
   }
  },