KT Bollinger Shots MT4

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.

• 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. 
  
  

• 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.
  
  

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.