Place On Balance Volume Indicator on Forex Chart in MT4 - Forex Volume Indicator
The OBV forex volume technical indicator can be used as a forex reversal indicator, forex exit indicator or forex entry indicator. This OBV forex indicator tutorial will explain how to place the On Balance Volume indicator on a Forex Chart on the MT4 Platform - MT4 software.
How to Place OBV Indicator on MetaTrader 4 Charts - Best Volume Indicators for Day Trading
Step 1: Open Navigator Window on FX Trading Platform
Open Navigator window as shown & illustrated below: Go to "View" menu (click on it), then select "Navigator" window (click), or From Standard Tool Bar click the "Navigator" button or press keyboard short cut keys "Ctrl+N"
On Navigator window, select 'Technical Indicators', (DoubleClick)
Step 2: Expand the Forex Indicators Menu on the Navigator
Expand the menu by clicking the expand button marker (+) or doubleclick the "indicators" menu, after this the button key will then now appear as (-) & will now be shown as a list as shown below.
From the Above window you can then place any technical indicator you want on the forex chart. The OBV forex volume technical indicator can be used as a forex reversal indicator, forex exit indicator or forex entry indicator.
Placing On Balance Volume Indicator on FX Trading Chart
Step 1: Select the On Balance Volume button on the MetaTrader 4 list of technical indicators as shown below:
Step 2: Double click On Balance Volume Button, & click okay to insert the OBV Trading Indicator on forex chart as shown & illustrated below:
Edit OBV Forex Trading Indicator Setting
To Adjust Settings, right click in On Balance Volume Trading Indicator, choose properties & then edit properties of trading indicator using pop up menu that pops & click ok button after you've changed settings.
The following popup appears & On Balance Volume Trading Technical Indicator settings can be edited from this pop up panel.
