Place On Balance Volume Indicator on Stock Indices Chart on MT4
The OBV indices volume technical indicator can be used as a indices trading reversal indicator, indices trading exit indicator or indices entry indicator. This OBV stock indices indicator tutorial will explain how to place the On Balance Volume indicator on a Indices Chart on the MT4 Indices Trading Software - MT4 platform.
How to Place OBV Indicator in MetaTrader 4 Stock Indices Charts
Step 1: Open The Platform Navigator Window
Open Navigator window panel as illustrated and shown below: Navigate to "View" menu (click it) and then select "Navigator" window (click), or From Standard Toolbar click on the "Navigator" button key or press short-cut key-board keys "Ctrl+N"
On Navigator window, choose 'Technical Indicators', (Double-Click)
Step 2: Expand the Stock Indices Technical 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 Above panel you can then add any indicator you want on stock indices chart. The OBV indices volume technical indicator can be used as a indices trading reversal indicator, indices trading exit indicator or indices entry indicator.
Placing On Balance Volume Stock Trading Indicator on Indices Trading Chart
Step 1: Select the On Balance Volume button key on MT4 list of technical indicators as displayed below:
Step 2: Double click On Balance Volume Button, and click okay to add the OBV Indicator on the stock indices chart as illustrated and shown below:
Edit OBV Stock Indices Trading Indicator Setting
To Adjust Settings, right click in On Balance Volume Technical Indicator, choose properties settings and then edit the properties of the indicator using the pop-up menu that appears and click ok button key once you change setting.
The following window pop-up appears and On Balance Volume Trading Technical Indicator settings can be edited from this window pop-up.