All indicators

ICT Silver Bullet

By LuxAlgoJul 4, 2023

ICT Silver Bullet is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

ICT Silver Bullet puts the Silver Bullet hour on the chart: three one-hour windows in New York time, namely London Open (3–4 AM), the AM session (10–11 AM) and the PM session (2–3 PM), during which a fair value gap (FVG) can set up the trade. When a window closes, the indicator projects potential support and resistance lines from what formed inside it, while a Minimum Trade Framework (mTFW) gauges expectations (40 ticks on futures and indices, 15 pips on forex pairs) rather than dictating entries and exits.

How to Trade the ICT Silver Bullet?

  • Bullish setup: an FVG identified and tested inside the window can precede a move higher targeting liquidity.
  • Bearish setup: the mirror case. A tested bearish FVG within the hour frames shorts toward downside objectives.
  • Post-session S/R lines: projected levels stay predictive until price touches them; in strict modes, only lines matching the trend direction are shown.
  • Untested gaps vanish: an FVG left untested when its session ends is removed from display, enforcing setup quality automatically.

Best results come below the 15-minute timeframe, with the 3-minute chart a popular choice.

ICT Silver Bullet Settings

  • Swing settings: a single pivot length (default 5) that builds the ZigZag behind the trend-direction read.
  • FVG display mode: from All FVG through trend-aligned filtering to Strict and Super-Strict, ICT's favored mode, requiring no break against the gap plus specific closing conditions.
  • Support/Resistance targets: base projected lines on any previous session or only on the prior session of the same type, with color options.
  • Keep lines: a strict-mode option that preserves older S/R lines when a new session begins.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.