Place On Balance Volume(OBV) Indicator in Chart in the MetaTrader 4 Platform
The On Balance Volume(OBV) volume technical indicator can be used as a reversal technical indicator, gold exit indicator or xauusd entry indicator. This OBV indicator tutorial will illustrate how to add the OBV indicator on a Chart on the MetaTrader 4 Platform - MT4 software.
How to Add OBV Indicator on MetaTrader 4 Charts
Step 1: Open The Software Platform Navigator Window Panel
Open the Navigator window panel such as illustrated below - Navigate & go to "View" menu (then click on it) & then select/choose the "Navigator" window (click), or From Standard ToolBar click "Navigator" button or press keyboard short cut keys "Ctrl+N"
On the Navigator panel, choose and select "Technical Indicators", (DoublePress)
Step 2: Expand the Technical Indicator Menu on the Navigator
Expand this menu by pressing the open button marker sign ( + ) or doubleclick the "indicators" menu, and afterwards this button then will now appear as (-) and will now be put to display as a listing just as illustrated and shown below.
From the Above panel window you as a trader can then add any indicator you as the trader want on the chart. The On Balance Volume(OBV) volume technical indicator can be used as a reversal technical indicator, xauusd exit technical indicator or xauusd entry indicator.
Placing On Balance Volume Indicator on Chart
Step 1: Select/Choose the On Balance Volume button key in MT4 list of indicators such as displayed below:
Step 2: Double Click the On Balance Volume Button, and press ok to add the OBV OBV Technical Indicator on the trading chart like is shown below:
Edit OBV Indicator Settings
To Adjust Settings, rightclick in OBV On Balance Volume Trading Indicator, select properties setting & then edit properties of the technical indicator using the pop-up menu that pops & then click okay button once you've changed the settings.
The following pop up window appears & On Balance Volume Trading Technical Indicator properties settings can be altered & edited from this popup window.
Study More Tutorials and Courses:
- How to Set SL XAU/USD Order on MT4 Trade Platform
- Learn XAU USD Software/Platform
- Understanding Gold Indicators & How to Trade with XAUUSD Indicators
- XAU/USD Learning
- How to Add XAU/USD Sell Orders in MetaTrader 5 XAU/USD Charts
- Placing Arrows in XAUUSD Charts in MT4 Platform Software
- Head and Shoulders & Reverse Head and Shoulders XAUUSD Patterns
