Place On Balance Volume Indicator on Crude Oil Trading Chart in MT4 Oil Trading Platform

The OBV oil volume indicator can be used as a oil reversal indicator, oil exit indicator or oil entry indicator. This OBV oil indicator tutorial will explain how to place the On Balance Volume indicator on a Crude Oil Trading Chart on the MetaTrader 4 Oil Trading Platform - MetaTrader 4 software.

Best Volume Oil Indicators for Day Crude Oil Trading

Step 1: Open The Oil Software Navigator Window

Open Navigator window panel as illustrated below: Go to " View " menu (then click on it), then choose " Navigator " window (click), or From Standard ToolBar click on "Navigator" button or press short cut keyboard keys "Ctrl+N"

On Navigator window panel, choose "Indicators" , (DoubleClick)

Step 2: Expand the Oil Indicators Menu on Navigator Menu

Expand menu by clicking on expand button mark (+) or doubleclick "indicators" menu, after that, this button key will then now appear as (-) and will now show a list as shown below.

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

Placing On Balance Volume Oil Indicator on Crude Oil Trading Chart

Step 1: Choose the On Balance Volume button in the MetaTrader 4 list of indicators as shown below:

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

Edit OBV Oil Technical Indicator Settings

To Adjust the Settings, right click on the On Balance Volume Technical Indicator, select properties and then edit properties of technical indicator using the pop up menu that pops and then click okay button after changing the settings.

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