Introduction
The Ghost Volume Indicator V1.0 MT4 is a game-changing volume analysis tool designed for MetaTrader 4 (MT4) traders. Unlike traditional volume indicators, it filters out market noise and focuses only on real institutional trading activity, helping traders spot high-probability setups before major price movements.
This indicator is perfect for:
Day Traders – Catch intraday volume spikes for quick profits
Swing Traders – Confirm trend continuations & reversals
Forex & Crypto Traders – Works on EUR/USD, BTC/USD, Gold & more
How It Works
The Ghost Volume Indicator uses advanced algorithms to analyze real trading volume (not tick volume) and presents it in an easy-to-read format:
1. Color-Coded Volume Bars
Blue Bars = Strong buying pressure (bullish signal)
Red Bars = Strong selling pressure (bearish signal)
Grey Bars = Low activity (weak momentum – avoid trading)
2. Volume Spike Detection
- Identifies sudden surges in volume, often signaling breakouts or reversals
- Helps traders avoid fakeouts by confirming moves with real liquidity
3. Divergence Detection
- Bullish Divergence: Price makes lower lows, but volume decreases → potential reversal up
- Bearish Divergence: Price makes higher highs, but volume declines → possible drop coming
Why Choose the Ghost Volume Indicator?
Filters Out Retail Noise
Most volume indicators show all trading activity, including small retail trades. The Ghost Volume Indicator focuses only on big player movements, giving you cleaner, more reliable signals.
Works on All Markets & Timeframes
Whether you trade Forex, Crypto, Stocks, or Commodities, this indicator adapts to any liquid market. It also works on all timeframes (M1 to Monthly), making it perfect for scalpers, day traders, and swing traders.
Custom Alerts for Real-Time Trading
Never miss a trading opportunity! The indicator can send pop-up, email, or mobile alerts when high-volume spikes occur.
Easy to Install & Use
Just drag and drop into MT4 – no complicated setup required.
Best Trading Strategy with the Ghost Volume Indicator
1. Volume Breakout Strategy
- Setup: Wait for price to approach a key support/resistance level
- Confirmation: Look for a strong blue (bullish) or red (bearish) volume spike
- Entry: Enter when price breaks the level with high volume
- Stop Loss: Place below the breakout candle (for buys) or above it (for sells)
2. Volume Reversal Strategy
- Setup: Identify a trend exhaustion point (after a long uptrend/downtrend)
- Confirmation: Watch for a volume divergence (price makes new highs/lows but volume decreases)
- Entry: Enter when volume spikes in the opposite direction
- Stop Loss: Beyond the recent swing high/low
3. Trend Continuation Strategy
- Setup: Find a strong trending market
- Confirmation: Look for volume increasing in the trend direction (blue bars in uptrend, red in downtrend)
- Entry: Buy pullbacks in uptrends (with blue volume) / Sell rallies in downtrends (with red volume)
- Stop Loss: Beyond the recent swing low (for buys) or high (for sells)
Final Thoughts
The Ghost Volume Indicator V1.0 MT4 is a must-have tool for traders who want to follow smart money and avoid retail traps. By focusing on real institutional volume, it provides high-probability signals for breakouts, reversals, and trend continuations.
