ICT Silver Bullet – The Indicator – Other – 1 June 2023

If you are searching for a reliable indicator to trade the ICT Silver Bullet concept, this indicator will respond to your need! 

This indicator will help you identify the key zones needed for this strategy: The previous week’s high and low, the current week’s high and low, the previous day’s high and low, and the current week’s NWOG. It will box the windows mentioned in the strategy. The time shared by ICT is NY local time. You have a time converter in the indicator to simplify things for you. And the essential part of this indicator is identifying the FVG within the ranges and alerting you as a new setup is forming for your place the trade.

This is the first version of the indicator. Once loaded, it will only track any active window, if any. Loading on old data, and much more improvement will be added. Don’t hesitate to send us your ideas.

You can find the indicator under the following: 

The strategy credit goes to Michael J. Huddleston, known as ICT, and the full strategy can be found on his youtube channel https://www.youtube.com/watch?v=tRq1hyGGtl4. 

It is a time-boxed setup that frequently repeats on forex and indices. It trades on three-time windows: 3 AM to 4 AM, 10 AM to 11 AM, and 2 PM to 3 PM New York local time. To take an entry, a fair value gap needs to be identified inside the range, a market structure supporting the move down or up, and identifying at least a minimum trade framework of 10 points for indices and 15 pips for forex pairs. A much more robust framework is to combine this entry with a draw on liquidity draw identified on the current week’s high and low, the previous day’s high and low, and the current week’s NWOG, the previous session’s high and low. It is better to combine it with the Classic ICT optimal trade entry and the confluence with the 2022 ICT Mentorship Youtube Model.

You need first to load this indictor on your charts, and update the settings as per the below explanation. 

This indicator works best on 5 minutes time frame and less. It works on candle on each new candle.

The indicator will take care of plotting the windows, levels, and FVG. 

If the alert and notifications are activated, the indictor will send you the alert or the notification of a possible setup.

At this stage is up to you as a trader to study the current market conditions and to take the trade. This version of the indicator will not give you a buy or sell signal.

Take your time to test the indicator on the strategy tester.

• General Settings:
• Indicator Comment: This comment will be included in the alert sent by the indicator
• Current Broker GMT Shift: Broker time from GMT
• Current NY to GMT Shift: Current New York time from GMT, it can be -4 or -5 it depends on daylight saving.
• FVG and Alerts Settings
• Minimum FVG height: Sometimes, a 1 or 2 pips fair value gap is insignificant. You can decide on its height based on the pair your are trading
• Bullish FVG color: Color used for bullish FVG
• Bearish FVG color: Color used for bearish FVG
• Notification via Alert: Activate terminal alert notifications
• Notification via Push Message: Activate terminal push notifications
• Level Settings:
• Previous Day high and low color
• Previous Week high and low color
• Current Week high and low color
• Current NWOG color
• Asia Session Color
• London Session Color
• New York Session Color
• Windows Settings: The default settings are in New York local time.
• Window 1: Start Hours (0-23), Start Minutes (0-59), End Hours (0-23), End Minutes (0-59), Color
• Window 2: Start Hours (0-23), Start Minutes (0-59), End Hours (0-23), End Minutes (0-59), Color
• Window 3: Start Hours (0-23), Start Minutes (0-59), End Hours (0-23), End Minutes (0-59), Color
• Manual Adjustment for Asia, London and New York session (if needed)