Place On Balance Volume Indicator on Stock Indexes Chart on MT4
The OBV indices trading volume indicator can be used as a indices trading reversal indicator, indices trading exit indicator or indices entry indicator. This OBV stock indices indicator tutorial will explain how to place the On Balance Volume indicator on a Indices Trading Chart on the MT4 Indices Trading Platform - MetaTrader 4 stock indexes trading platform.
How To Place OBV Indicator on MT4 Stock Indexes Charts
Step 1: Open The 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 short cut keyboard 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 technical indicator that you want on the stock indexes trading chart. The OBV indices trading volume indicator can be used as a indices trading reversal indicator, indices trading exit indicator or indices entry indicator.
Placing On Balance Volume on Chart
Step 1: Select the On Balance Volume button on the MT4 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.