Place On Balance Volume Indicator in Chart in MT4 - Forex Volume Indicator

The OBV volume technical indicator can be used as a reversal indicator, forex exit indicator or forex entry indicator. This OBV indicator lesson will explain how to add the OBV indicator on a Chart on the MT4 Software - MT4 platform.

How to Place OBV Indicator on MetaTrader 4 Charts - Best Volume Indicators for Day Trading

Step 1: Open Navigator Window on FX Software

Open Navigator window as shown & illustrated below: Go to "View" menu (click on it), then choose "Navigator" window (click), or From Standard Tool Bar click the "Navigator" button or press keyboard short cut keys "Ctrl+N"

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

Step 2: Expand the Indicators Menu on the Navigator

Expand the menu by clicking the expand button marker (+) or doubleclick the "indicators" menu, after this the button key will then now appear as (-) & will now be shown as a list as shown below.

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

Placing On Balance Volume Indicator in Chart

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

Step 2: Double click On Balance Volume Button, & click okay to insert the OBV Indicator in chart as shown & illustrated below:

Edit OBV Forex Indicator Setting

To Adjust Settings, right click in On Balance Volume Indicator, choose properties & then edit properties of indicator using pop up menu that pops & click ok button after you've changed settings.

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