Keenbase Trading » Products » Metatrader Indicators » KT Bollinger Bands Shots indicator

KT Bollinger Bands Shots Indicator 
MT4 | MT5

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Specs
Release date:February 11, 2022
Last updated:February 11, 2022
Current version:1.0
Product type:Indicator
Requirements:MT4 | MT5
  • Description
  • Developers

KT Bollinger Bands Shots indicator 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."

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