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KT Bollinger Shots MT4

KT Bollinger Shots works using a striking blend of the slingshot pattern and the mean-reversion phenomenon applied to financial markets.

In addition, a mathematical algorithm is used with variable deviation to fine-tune the indicator's signals on a different level.

Winning Trade: After a signal, if price touches the middle band in profit, it is considered a winner.

Losing Trade: After a signal, if price touches the opposite band or touches the middle band in loss, it is considered a loser.

!Both scenarios are accounted for in performance metrics and shown on the chart in real-time.

If the probability of price reaching the middle band is 65% or more, it is considered very high due to the self-criticizing nature of the deployed algorithm. 


Key Features

  • The indicator performs analysis of BB shots signals and shows the probability of the upcoming signals closing in profit.
  • Exit points are marked on the chart for each of its signals.
  • Real-time analysis of signals statistics using a self-criticizing mathematical model.
  • Included the alerts for the possible exits after a signal.
  • A vibrant color scheme for better visualization of various indicator events.
  • All Metatrader alerts included. 

Inputs

  • History Bars:  Number of bars to include in the indicator's calculation.
  • Bollinger Bands Settings:  Period, Deviation, and Shift.
  • Mark Exit Points:  If true, the indicator marks the possible exit points.
  • Exit Alerts:  If true, the indicator also send alerts for the possible exit opportunities. 
  • Signal Stats Analysis:  If true, the indicator shows the signal stats and winning probability on the chart.
  • The rest of the inputs are self-explanatory.

Developers

double Upper_Band = iCustom(Symbol(),0,"Market/KT Bollinger Bands Shots",0,1);
double Mid_Band = iCustom(Symbol(),0,"Market/KT Bollinger Bands Shots",1,1);
double Lower_Band = iCustom(Symbol(),0,"Market/KT Bollinger Bands Shots",2,1);

double Buy_Signal  = iCustom(Symbol(),0,"Market/KT Bollinger Bands Shots",3,1);
double Sell_Signal = iCustom(Symbol(),0,"Market/KT Bollinger Bands Shots",4,1);


if(Buy_Signal!=0)   // Buy signal detected
if(Sell_Signal!=0) //  Sell signal detected

double Buy_Stoploss = Lower_Band // Can be used as a possible stop loss for a buy trade. 
double Sell_Stoploss = Upper_Band // can be used as a possible stop loss for a sell trade.
double Take_Profit = Mid_Band // Can be used as a possible profit target for both buy & sell trade.  
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vincenzo1964 2022.04.16 17:30 
 

Ho acquistato questo indicatore, ma vorrei dei chiarimenti su come adoperarlo. C'e' un manuale o video da visionare per sfruttare al meglio le potenzialità? Mi riservo in seguito di fare una recensione, grazie.

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Versão 1.5 2023.01.24
- bugs squashing.