Place On Balance Volume Indicator on Gold Chart on MetaTrader 4

The OBV xauusd volume indicator can be used as a xauusd reversal indicator, xauusd exit indicator or xauusd entry indicator. This OBV xauusd indicator tutorial will explain how to place the On Balance Volume indicator on a Gold Chart on the MetaTrader 4 XAUUSD Platform - MT4 platform.

Best Volume Indicators for Day Trading

Step 1: Open The XAUUSD Platform Navigator Window

Open the Navigator window as shown below; Go to "View" menu (click), then select the "Navigator" window (click), or From Standard Toolbar click the "Navigator" button or press short cut keyboard keys "Ctrl+N"

On the Navigator window, select "Indicators", (Double Click)

Step 2: Expand the XAUUSD Indicators Menu on the Navigator

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

From the Above window you can then place any indicator that you want on the gold chart. The OBV xauusd volume indicator can be used as a xauusd reversal indicator, xauusd exit indicator or xauusd entry indicator.

Placing On Balance Volume on Chart

Step 1: Select the On Balance Volume button on the MetaTrader 4 list of indicators as shown below:

Step 2: Double click the On Balance Volume Button, and click okay to place the OBV Indicator on the chart as shown below:

Edit OBV Settings

To Adjust Settings, right click on the On Balance Volume Indicator, select properties and then edit the properties of the Indicator using the popup menu that appears and then click ok after changing the settings.

The following popup window appears and On Balance Volume Indicator settings can be edited from this popup window.