Place On Balance Volume Indicator on XAUUSD Chart on MT4
The OBV gold volume indicator can be used as a gold trading reversal indicator, gold trading exit indicator or gold entry indicator. This OBV gold indicator tutorial will explain how to place the On Balance Volume indicator on a Gold Chart on the MT4 Gold Trading Platform - MetaTrader 4 platform.
How to Place OBV Indicator on MT4 XAUUSD Charts
Step 1: Open The XAUUSD 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 keyboard short cut keys "Ctrl+N"
On the Navigator window, select "Indicators", (Double Click)
Step 2: Expand the XAUUSD Indicator Menu on the Navigator
Expand the menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below.
From the Above window you can then place any technical indicator that you want on the xauusd chart. The OBV gold volume indicator can be used as a gold trading reversal indicator, gold trading exit indicator or gold entry indicator.
Placing On Balance Volume on Chart
Step 1: Select the On Balance Volume button on the MT4 list of technical indicators as shown below:
Step 2: Double click the On Balance Volume Button, and click okay to place the OBV Indicator on the chart as shown below:
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.
The following popup window appears and On Balance Volume Indicator settings can be edited from this popup window.