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Place On Balance Volume Indicator on Stock Indexes Chart on MT5

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 MetaTrader 5 stock indices chart on the MT5 Indices Trading Platform - MetaTrader 5 stock indexes trading platform.

Place On Balance Volume Indicator on Stock Indexes Chart on MT5


How To Place OBV MetaTrader 5 Stock Indexes Indicator on MT5 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 MetaTrader 5 Navigator window, select “Indicators” , (Double Click)

Best Volume Indicators for Day Trading


Step 2: Expand the MetaTrader 5 indices indicators Menu on the Navigator

Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the MetaTrader 5 button will appear as (-) and will now display a list as shown below.

On Balance Volume Stock Indexes Indicator on MT5 List of Indices Indicators

From the Above window you can then place any MT5 indicator that you want on the MetaTrader 5 stock indexes chart. The OBV indices trading volume indicator can be used as a indices trading reversal indicator, indices trading exit indicator or indices entry indicator.


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Placing On Balance Volume on Chart

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

Placing On Balance Volume on Stock Indexes Charts in MT5


Step 2: Double click the On Balance Volume Button, and click okay to place the OBV Indicator on the chart as shown below:

Best Volume Indicator for Indices Day Trading


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.

How to Edit On Balance Volume Indicator Properties on MetaTrader 5


The following popup window appears and On Balance Volume Indicator settings can be edited from this popup window.

MT5 Edit Properties Window For Editing On Balance Volume Indicator Settings

 

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