Stock Indices Trading Volume Indicator
The OBV stock indices volume indicator can be used as a stock indices reversal indicator, stock indices exit indicator or stock indices entry indicator. This OBV stock indices indicator tutorial will explain how to place the On Balance Volume indicator on a Stock Index Chart on the MetaTrader 4 Stock Indices Platform - MT4 stock index platform.
Best Volume Indicators for Day Trading
Step 1: Open The Stock Indices Platform 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 Indices 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 stock index chart. The OBV stock indices volume indicator can be used as a stock indices reversal indicator, stock indices exit indicator or stock indices 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.