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Stock Volume Indicator

The OBV stock trading volume indicator can be used as a stock trading reversal indicator, stock trading exit indicator or stock entry indicator. This OBV stock indicator tutorial will explain how to place the On Balance Volume indicator on a Stock Trading Chart on the MT4 Stock Trading Platform - MetaTrader 4 stocks trading platform.

Place On Balance Volume Indicator on Stocks Chart on MT4


Best Volume Indicators for Day Trading

Step 1: Open The Stocks 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)

How To Place On Balance Volume Indicator on MT4 Stocks Charts


Step 2: Expand the Stocks Trading Indicators 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.

Best Volume Indicator for Day Trading

From the Above window you can then place any technical indicator that you want on the stocks trading chart. The OBV stock trading volume indicator can be used as a stock trading reversal indicator, stock trading exit indicator or stock 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:

Placing On Balance Volume on Stocks Charts in MT4


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

Best Volume Indicator for Stock Day Trading


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.

Best Volume Indicator for Day Trading Stock


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

Stock Trend Reversal Indicator


 

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