Place On Balance Volume Indicator on Forex Chart in MT4 - Forex Volume Indicator
The OBV forex volume 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 Forex Trading Platform - MT4 software.
How to Place OBV Indicator on MetaTrader 4 Charts - Best Volume Indicators for Day Trading
Step 1: Open The Navigator Window on FX Trading Software
Open Navigator window as shown & illustrated below: Go to 'View' menu (click on it), then choose 'Navigator' window (click), or From Standard Toolbar click the "Navigator" button or press keyboard short cut keys "Ctrl+N"
On Navigator window, select '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 indicator you want on the forex chart. The OBV forex volume 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 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 Indicator settings can be edited from this pop up panel.
