Silver Bullet ICT Indicator Download for MetaTrader 4 - Free

The Silver Bullet ICT indicator is an advanced trading tool based on the ICT Strategy and defined in three different time frames (New York local time):

• London Open Silver Bullet : 3 AM to 4 AM
• Morning Meeting Silver Bullet : 10 AM to 11 AM
• Afternoon Meeting Silver Bullet : 2 PM to 3 PM

This indicator is designed for use with scalpers and works best on 1 minute, 5 minute and 15 minute timeframes .

Silver Bullet ICT Metrics Table

The following table summarizes the specifications of this indicator.

Indicators at a glance

The Silver Bullet indicator automatically detects high and low zones within these ranges and upon breaking these levels , enters the main zone (grey zone). Then, an entry signal with an arrow is issued based on the following conditions: Change in Delivery Price (CISD) , Fair Value Gap (FVG) , and Order Blocks .

Indicators are in an upward trend

The indicator first identifies the highest and session lowest points . Then, liquidity accumulation occurs below the lowest price level , indicating a change in market characteristics (ChoCH) .

After this stage, the indicator determines the Order Block near the CISD level and determines the Fair Value Gap (FVG) . After the signal (red arrow) appears, the trader can enter a buy trade .

Indicators are in a downward trend

Price attracts liquidity with a false break above the intraday high . Then, with the CISD level breaking downward , the change in market characteristics (ChoCH) becomes apparent, confirming the downtrend structure .

At this stage, the indicator determines that the Order Block is close to this level, along with the associated FVG , specifies the opportunity to enter a sell trade .

Silver Bullet Indicator Settings

The indicator setting part is completely displayed as shown below:

• Time1Bool : Activation time range 1
• Time Range 1 New York local time : Time Range 1 in New York time
• Time2Bool : Activation time range 2
• Time Range 2 New York local time : Time range 2 of New York time
• Time3Bool : Activation time range 3
• Time Range 3 New York local time : New York time Time Range 3
• Warning: For backtesting GMT only Minus Server : Setting up backtesting trades using GMT
• Zigzag level 1 calculation type : Zigzag level 1 calculation type
• Zigzag Level 1 Trend Display : Displays Zigzag Level 1 Trend
• Show CISD in range : Show CISD in range
• Show ChoCH in range : Show ChoCH in range
• SameColor : Same color
• OppositColor : Opposite color
• SupportZone : Support zone
• ResistanceZone : Resistance zone
• RangeColor : Range color
• Trend1Color : Trend 1 color
• Trend2Color : Trend 2 color

Conclusion

The Silver Bullet ICT indicator is a tool for identifying high probability trading opportunities in the market.

By using advanced ICT concepts and focusing on liquidity traps and fair value gaps , this indicator improves the accuracy and efficiency of trading strategies .