Place On Balance Volume Indicator on Forex Chart on MetaTrader 4 - Forex Volume Indicator
The OBV forex volume indicator can be used as a forex reversal indicator, forex exit indicator or forex entry indicator. This OBV forex indicator tutorial will explain how to place the On Balance Volume indicator on a Forex Chart on the MetaTrader 4 Forex Trading Platform - MT4 platform.
How To Place OBV Indicator on MetaTrader 4 Charts - Best Volume Indicators for Day Trading
Step 1: Open The 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 keyboard short cut keys “Ctrl+N”
On the Navigator window, select “Indicators” , (Double Click)
Step 2: Expand the 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 forex chart. The OBV forex volume indicator can be used as a forex reversal indicator, forex exit indicator or forex 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.