Place On Balance Volume Indicator in Chart on MT4 Platform - 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 MT4 Software/Platform - MetaTrader 4 software.

Place On Balance Volume Indicator on Chart on the MetaTrader 4 Software - How to Add On Balance Volume Indicator on a Chart on MetaTrader 4

How to Add OBV Indicator on MT4 Charts - Best Volume Indicators for Day Trading

Step 1: Open Navigator Window on Forex Software

Open the Navigator window just as is shown and displayed below: Go to the "View" menu (click on it), then select/choose "Navigator" window (press), or From Standard Tool Bar click "Navigator" button or press key-board short cut keys "Ctrl+N"

On Navigator panel, choose 'Indicators', (Double-Press)

How Can I Place On Balance Volume Indicator in MT4 Charts? - OBV Indicator MT4

Step 2: Expand the Technical Indicators Menu in the Navigator

Expand the menu by pressing the expand button/tool label ' + ' or double-click "indicators" menu, afterwards this specified button will then now appear and be shown as (-) and will now be revealed as a listing such as illustrated and shown below.

On Balance Volume Indicator in MT4 List of Indicators - Volume Indicators

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

Placing OBV Technical Indicator on Chart

Step 1: Select/Choose the On Balance Volume button on the MetaTrader 4 list of indicators as is illustrated and shown below:

Placing On Balance Volume on Charts on MT4 Platform - How Can You Set On Balance Volume Indicator on Chart in MT4 Software?

Step 2: Doubleclick On Balance Volume Button, and click okay button to insert the OBV On Balance Volume Indicator in chart such as displayed and illustrated and shown below:

How Do I Trade with On Balance Volume Indicator on the MT4 Platform? - Place On Balance Volume Indicator on Chart on MT4

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 pop up menu which pops & click okay button after you have changed settings.

How Do I Edit On Balance Volume Indicator Properties in MT4 Platform Software? - Place On Balance Volume Indicator on Chart in MT4

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

Edit Properties Window for Editing On Balance Volume Indicator Setting - OBV Indicator MT4 - MT4 OBV Indicator

Learn More Topics and Tutorials: