Indices Volume Indicator

The OBV stock indices volume technical indicator can be used as a reversal indicator, stock indices exit indicator or stock indices entry indicator. This OBV stock indicator tutorial will describe how to add the OBV indicator on a Stock Index Chart on the MT4 Stock Indices Platform - MT4 platform.

Best Volume Indices Indicators for Day Stock Indices Trading

Step 1: Open The Software Navigator Window

Open Navigator window as shown & illustrated below: Go to 'View' menu (click on it), then choose the 'Navigator' window (click), or From Standard Tool Bar click the 'Navigator' button or press keyboard short cut keys 'Ctrl+N'

On the Navigator window panel, choose 'Indicators', (DoubleClick)

Step 2: Expand the Stock Indices Indicators Menu on the Navigator

Expand menu by clicking the expand button mark (+) or double-click the 'indicators' menu, after this the button key will then now appear as (-) and will now be shown as a list as shown below.

From Above window panel you can then place any technical indicator you want on the chart. The OBV stock indices volume technical indicator can be used as a reversal indicator, stock indices exit indicator or stock indices entry indicator.

Placing On Balance Volume Stock Indicator on Chart

Step 1: Select the On Balance Volume button on the MT4 list of technical indicators as pictured below:

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

Edit OBV Indices Technical Indicator Setting

To Alter the Settings, right click on On Balance Volume Indicator, select properties and then edit the properties of the technical indicator using the popup menu that appears and then click ok button key after you have changed settings.

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