Golden Ladder – Louay Joha (Wave & Gann Hi/Lo + ATR R-Levels)

Overview
Golden Ladder is a momentum-and-structure tool that detects three-bar ladder waves and filters them with a Gann Hi/Lo regime guide (SMA-based). When a valid wave aligns with the current Hi/Lo bias and passes optional market filters (ADX, RSI, and proximity to recent extremes), the script prints BUY/SELL n labels (n = wave index) and draws a complete Entry / SL / TP1–TP4 ladder using ATR-based risk units (R) or fixed caps—configured for clarity and consistency. The script also keeps the chart clean: the last trade remains fully drawn while historical groups are trimmed to compact “ENTRY-only” stubs.

Why these components together (originality)

Three-bar ladder captures short-term momentum structure (progressively higher highs/lows for buys; the reverse for sells).

Gann Hi/Lo (SMA of highs/lows with a directional state) acts as a regime filter, reducing counter-trend ladders.

ATR-based R ladder turns signals into an actionable plan: a volatility-aware SL and TP1–TP4 that scale across instruments/timeframes.

Smart Entry filters (ADX strength, RSI extremes, and distance from recent top/bottom using ATR buffers) seek to avoid low-quality, stretched entries.

Slim history keeps only a short ENTRY stub for prior groups, so the signal you just got is always the most readable.
This is not a mere mashup; each layer constrains the others to produce fewer, clearer setups.

How it works (high-level logic)

Regime (Gann Hi/Lo):

Compute SMA(high, HPeriod) and SMA(low, LPeriod).

Direction state HLv flips when the close crosses above/below its track; one unified Hi/Lo guide is plotted.

Ladder signal (structure + confirmation):

BUY ladder: three consecutive green bars with rising highs and rising lows and HLv == +1.

SELL ladder: mirror conditions with HLv == -1.

Signals evaluate intrabar and are controlled by Smart Entry filters (ADX/RSI/extreme checks).

Risk ladder (R-based or capped):

Default: risk = ATR(atr_len) × SL_multiple and TPs in R.

Optional fixed caps by timeframe (e.g., M1/M5) using USD per point.

Longs: SL = entry – risk; TPi = entry + (Ri × risk).

Shorts: SL = entry + risk; TPi = entry – (Ri × risk).

All levels auto-reflow to the right as bars print.

Chart hygiene:

The latest trade shows ENTRY/SL/TP1–TP4 fully.

Older trades are automatically trimmed (only a short ENTRY line remains, with optional label).

Alerts:

BUY – Smart Entry (Tick) & SELL – Smart Entry (Tick) fire on live-qualified signals.

You can connect alerts to your automation, respecting your broker’s risk controls.

Inputs (English summary of UI)

Label settings: label size; ATR-based vs fixed-tick offsets; leader line width/transparency; horizontal label shift.

Gann Hi/Lo: HIGH Period (HPeriod), LOW Period (LPeriod).

Market filters: ADX (length, smoothing, minimum), RSI (length + caps), recent extremes (lookback + ATR buffer).

Entry/SL/TP Levels: TP1–TP4 (R), label right-shift, show last-trade prices on labels.

Fixed SL Caps: per-timeframe caps (M1/M5) via USD per point.

How to use

Apply on your instrument/timeframe; tune H/L periods and filters to your market (e.g., XAUUSD on M1/M5).

Favor signals aligned with the Hi/Lo regime; tighten filters (higher ADX, stricter RSI caps) to reduce noise.

Choose ATR-Risk or fixed caps depending on your preferences.

The drawing policy ensures the most recent trade remains front-and-center.

Notes & limitations

Signals can evaluate intrabar; MA-based context is inherently lagging.

ATR-based ladders adapt to volatility; extreme spikes can widen risk.

This is a technical analysis tool, not financial advice.