GHOST VOLUME INDICATOR V1.0 MT4 – The Ultimate Trading Tool for MetaTrader 4
Introduction: What is the Ghost Volume Indicator V1.0 MT4?
The Ghost Volume Indicator V1.0 MT4 is a powerful trading tool designed to enhance volume analysis in MetaTrader 4 (MT4). Unlike traditional volume indicators, this advanced tool provides smoother, more accurate signals by filtering out market noise and highlighting true trading volume activity.
Whether you’re a day trader, scalper, or swing trader, the Ghost Volume Indicator helps you:
Identify strong trends based on real volume data
Spot potential reversals before they happen
Avoid false breakouts with filtered volume signals
Improve entry and exit timing for higher profitability
How Does the Ghost Volume Indicator Work?
The Ghost Volume Indicator V1.0 MT4 uses a proprietary algorithm to analyze trading volume in a way that eliminates false signals.
1. Volume Filtering Technology
- Removes “noise” volume (small, insignificant trades)
- Focuses on high-impact volume spikes that indicate real market interest
2. Color-Coded Signals
- Green Bars: Strong buying pressure (bullish signal)
- Red Bars: Strong selling pressure (bearish signal)
- Grey Bars: Neutral or low-volume periods (caution advised)
3. Customizable Settings
- Adjust sensitivity to match your trading style (scalping vs. swing trading)
- Set alerts for volume spikes to never miss a trade
How to Use the Ghost Volume Indicator for Maximum Profits
1. Confirming Breakouts
- Look for high green volume when price breaks resistance → valid breakout
- If breakout happens on low volume (grey bars), it’s likely a fakeout
2. Spotting Reversals
- Sudden red volume spike after a long uptrend → potential reversal
- Green volume surge after a downtrend → bullish reversal signal
3. Combining with Other Indicators
- Best paired with: Moving Averages, RSI, or MACD for stronger signals
- Example: Ghost Volume + 200 EMA → High-volume bounce = high-probability trade
Who Should Use the Ghost Volume Indicator?
- Day Traders: Catch intraday volume spikes for quick profits
- Swing Traders: Confirm trend continuations and reversals
- Scalpers: Filter out low-volume periods to avoid choppy markets
- Forex & Crypto Traders: Works on any liquid market (EUR/USD, BTC/USD, etc.)
How to Install the Ghost Volume Indicator V1.0 MT4
- Download the
.ex4file from the official source. - Open MetaTrader 4 → File → Open Data Folder → MQL4 → Indicators
- Paste the GhostVolumeV1.ex4 file into the “Indicators” folder.
- Restart MT4, then drag & drop the indicator onto your chart.
- Adjust settings (if needed) and start trading!
Frequently Asked Questions (FAQ)
Q: Is the Ghost Volume Indicator a lagging or leading indicator?
A: It’s a leading indicator because it reacts to real-time volume changes before price fully reflects them.
Q: Does it work on stocks and crypto?
A: Yes! It works on any market with sufficient volume (Forex, Stocks, Crypto, Commodities).
Q: Can I use it for scalping?
A: Absolutely! Lower timeframes (M1, M5) work best for scalping with volume confirmation.
Q: Is it free or paid?
A: Some versions are free, but the premium V1.0 offers better filtering and alerts.
Pro Tips for Using the Ghost Volume Indicator
Combine with Price Action – Volume + candlestick patterns = stronger signals
Avoid Low-Volume Periods – Grey bars mean low liquidity → higher risk
Backtest First – Test on historical data before live trading
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