Place On Balance Volume Indicator in Chart in MT4 - Forex Volume Indicator
OBV volume technical indicator can be used as a reversal trading indicator, fx exit indicator or forex entry indicator. This OBV indicator lesson will explain how to add the OBV indicator on a Chart on the MetaTrader 4 Platform Software - MT4 platform.
How to Place OBV Indicator on MT4 Charts - Best Volume Indicators for Day Trading
Step 1: Open Navigator Window on Forex Software
Open Navigator window as shown & displayed below: Go to "View" menu (click on it), then choose "Navigator" window (press), or From Standard ToolBar click "Navigator" button or press key-board shortcut keys "Ctrl+N"
On Navigator panel, select 'Indicators', (Double-Press)
Step 2: Expand the Technical Indicators Menu on the Navigator
Expand the menu by pressing expand button marker (+) or double-click "indicators" menu, after this the button will then now appear as (-) & will now be shown as a listing as illustrated 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 trading indicator, forex exit indicator or forex entry indicator.
Placing OBV Technical Indicator in Chart
Step 1: Select the On Balance Volume button on the MetaTrader 4 list of indicators as illustrated below:
Step 2: Doubleclick On Balance Volume Button, and click okay button to insert the OBV On Balance Volume Trading Indicator in chart as displayed and illustrated below:
Edit OBV Forex Indicator Setting
To Change Settings, rightclick in OBV On Balance Volume Trading Indicator, select properties and then edit property settings of trading indicator using popup menu which pops & click okay button after you have changed settings.
The following pop up appears and On Balance Volume Technical Indicator settings can be edited from the popup panel.
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