Place On Balance Volume Indicator on Chart on MT4

The OBV volume indicator can be used as a reversal 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 Software - MT4 platform.

Best Volume Indicators for Day Gold Trading

Step 1: Open The Platform Navigator Window

Open Navigator window as shown & displayed below - Go to 'View' menu (then click) & then choose 'Navigator' panel (click), or From the Standard ToolBar click 'Navigator' button or press short cut keyboard keys 'Ctrl+N'

On Navigator window panel, select 'Indicators', (DoubleClick)

Step 2: Expand the Indicators Menu on the Navigator

Expand the menu by clicking expand button marker (+) or double click 'indicators' menu, after this the button will then now appear as (-) and will now be shown as a list as displayed below.

From the Above panel you can then place any technical indicator you want on the chart. The OBV 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 technical indicators as displayed below:

Step 2: Double click the On Balance Volume Button Key, & click okay to place the OBV Indicator on chart as illustrated & displayed below:

Edit OBV Indicator Setting

To Change the Settings, right-click on the On Balance Volume Indicator, select properties settings & then edit properties of the indicator using popup menu that appears and then click ok button key after you change settings.

The following pop up window appears & On Balance Volume Indicator settings can be edited from the pop-up panel.