Place On Balance Volume Indicator on Forex Chart in MT5 - Forex Volume Indicator

The OBV forex volume technical 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 MT5 chart on the MT5 Platform - MT5 platform.

How to Place OBV Forex MT5 Indicator on MetaTrader 5 Charts - Volume Indicator Trading

Step 1: Open Navigator Window on FX Trading Platform

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

On MT5 Navigator window, select "Indicators", (Double Click)

Step 2: Expand the MT5 indicators Menu on the Navigator

Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the MT5 button will appear as (-) and will now display a list as shown below.

From Above window panel you can then add any MT5 indicator you want in the MetaTrader 5 forex chart. The OBV forex volume technical indicator can be used as a forex reversal indicator, forex exit indicator or forex entry indicator.

Placing On Balance Volume Indicator on FX Trading Chart

Step 1: Select the On Balance Volume button in the MT5 list of technical indicators as shown below:

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

Edit OBV Forex Technical Indicator Settings

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

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