How to Place On Balance Volume Indicator on Stock Indices Chart on MT5

The OBV volume indicator can be used as a indices reversal indicator, indices exit indicator or indices entry indicator. This OBV indicator guide will describe how to add the OBV indicator on a Indices MT5 chart on the MT5 Software - MT5 software.

How to Place OBV MT5 Indicator on MT5 Charts

Step 1: Open The Platform Navigator Window

Open Navigator panel as illustrated & shown below: Navigate to 'View' menu (click it) & then choose 'Navigator' panel (click), or From Standard Tool-Bar click on 'Navigator' button or press short-cut key-board keys 'Ctrl+N'

On MT5 Navigator panel, select "Indicators", (DoubleClick)

Step 2: Expand MT5 Indicators Menu on the Navigator

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

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

Placing On Balance Volume Stock Indicator on Indices Chart

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

Step 2: Doubleclick On Balance Volume Button, and click okay to add the OBV Indicator on the chart as displayed & shown below:

Edit OBV Technical Indicator Settings

To Adjust Settings, right click on On Balance Volume Indicator, select properties settings and then edit the properties of the indicator using the pop-up menu that appears and click ok button key once you change setting.

The following window popup pops up & On Balance Volume Technical Indicator settings can be edited from this window popup.