How to Use On Balance Volume (OBV) Indicators in the MT4 Platform Effectively

The OBV volume technical indicator can be utilized as a trading reversal indicator, an indices trading exit indicator, or an indices entry indicator. The On Balance Volume indicator may be installed on a chart on the MT4 platform - MT4 software - by following the instructions in this course.

How to Set On Balance Volume(OBV) Indicator in Chart in MT4

How to Set OBV Indicator on MetaTrader 4 Charts

Step 1: Open The Platform Navigator Panel

To open the Navigator panel, access the "View" menu and select "Navigator," or utilize the Standard Toolbar's button. For swift navigation, press "Ctrl+N" on your keyboard.

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

Adding the On Balance Volume (OBV) Indicator in MT4: Boost Your Volume Strategy

Step-by-Step: Accessing the Trading Indicators Menu on the Navigator

Enlarge this menu section by clicking the disclosure tool/button marked with a plus symbol ("+") or by double-clicking the "indicators" section: consequently, this specific button will then change its display to a minus symbol ("-") and the contents will appear as a list, similar to what is depicted hereunder.

On Balance Volume on MT4 indicators - OBV strategy for index volume

You can then add any indicator you want to the chart from the panel above. The OBV volume indicator can be used to spot reversals, exits, or entries in trading indices.

Placing On Balance Volume Stock Trading Indicator in Chart

Step 1: Pick the On Balance Volume option on the MT4 indicators list, just like how it is shown here:

Add On Balance Volume to MT4 Charts - Volume Indicator for Stock Indexes

Step 2: Double-click the On Balance Volume button, and click okay to incorporate the OBV Indicator onto the stock chart as illustrated below:

Set On Balance Volume Indicator in MT4 - OBV Strategy for Index Trading

Edit OBV Stock Indicator Setting

To tweak settings, right-click the On Balance Volume indicator. Select properties. Adjust via the menu and hit OK.

Edit OBV Indicator Settings in MT4 - Add On Balance Volume to MT4 Charts

The following window appears, and you can change the settings for the On Balance Volume Indicator using this window that appears.

Editing the Settings for the On-Balance Volume (OBV) Technical Indicator via its Properties Panel

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