Place On Balance Volume Indicator on Chart in the MetaTrader 4 Platform
OBV On Balance Volume volume indicator can be used as a reversal trading indicator, xauusd exit indicator or xauusd entry indicator. This OBV indicator tutorial will describe how to add the OBV indicator on a Chart on the MT4 Platform - MT4 software.
Best Volume Indicators for Day Gold Trading
Step 1: Open The Platform/Software Navigator Window
Open Navigator window like is shown and displayed below - Go to 'View' menu (then click) & then choose 'Navigator' window (press), or From the Standard Tool-Bar click 'Navigator' button or press short-cut key-board keys 'Ctrl+N'
On Navigator window panel, choose 'Indicators', (DoubleClick)
Step 2: Expand Indicators Menu in the Navigator
Expand the list menu by clicking the unfold (+) tool mark "+" or double-click 'indicators' menu, after that this particular button then will now be shown as (-) & will now be revealed as a list just as displayed below.
From the Above panel you as a gold trader can then place any indicator you as a trader want on the chart. The OBV On Balance Volume volume indicator can be used as a reversal indicator, xauusd exit indicator or xauusd entry indicator.
Placing On Balance Volume Indicator on Chart
Step 1: Select the On Balance Volume button on the MetaTrader 4 list of indicators as displayed below:
Step 2: Double click the OBV On Balance Volume Button Key, & press ok button to add the OBV Indicator on chart just as illustrated & displayed below:
Edit OBV Indicator Setting
To Change the Settings, right click on the On Balance Volume Indicator, select properties settings and then edit properties of the indicator using popup menu that appears & then click ok button key after you change settings.
The following popup window appears and On Balance Volume Indicator settings can be changed & edited using the popup panel.
Get More Lessons:
- XAU/USD Software MetaTrader 5 XAUUSD
- How Do You Start Trade FX Guide?
- Fib Drawing on Gold Charts Exercises
- XAU/USD Accounts
- How to Use MetaTrader 5 Kase Peak Oscillator Indicator
- How to Read XAU USD Patterns Tutorial Guide for Beginner Traders
- How Do You Trade GDAXI30 Indices?
- Which are the Different Types of Forex Trends?
- How Do You Add SPAIN35 in MT5 Index App?
- Trend-line Break Reversal
