Ladder Master

Ladder Master, Revision 1, 14Nov2021

Ladder Master consists of :

Trend Ladder Master (TLM) and Fast Ladder Master (FLM)

For illustration purpose, three sets of Ladder Master are shown on the chart.
First set shows Trend Ladder Master, second set shows Fast Ladder Master, third sets show both TLM and FLM.

1. Trend Ladder Master (TLM).
A modified oscillator. The value can be below 0 or above 100.
It is used to analyse short-to-mid term trend reversal.
TLM tends to oscillate less frequent and steps up slower compared to FLM.

User can choose to show or hide TLM Label with values, as shown on the first set of Ladder Master.

2. Fast Ladder Master (FLM)
An oscillator. The value can be below 0 or above 100 .
Below 20 is oversold zone and above 80 is overbought zone.
It is used to analyse short term trend reversal.
FLM tends to oscillate more often compared to TLM and steps up faster compared to TLM.

User can choose to show or hide FLM Label with values, as shown on the second set of Ladder Master.

3. Trend Ladder Master : Alerts
TLM has two alerts, namely G and R.

When G alert shows up, typically the first ladder step up after a period of downtrend,
signify a potential change from a down trend to up trend.

When R alert shows up, typically the first ladder step down, after a period up trend,
signify a potential change from an up trend to down trend.

During consolidation, G and R alerts may show up more frequent alternatively.

Users can choose to show or hide the alerts, as shown on first set of Ladder Master.


4. Trend Ladder Master : Red/Green Color Zone
TLM has two color zones, namely Green color zone and Red color zones.

Green color zone means an uptrend is in progress, Red color zone means a downtrend is in progress.

Users can choose to show or hide Red/Green color=zone as shown on first set of Ladder Master
When TLM color-zone is turned on , it is recommended not to turn on FLM color-zone to avoid overlapping.

4. Fast Ladder Master : Alerts
FLM has two alerts, namely x20 and x50, which means FLM crossover 20 and 50 respectively.

x20, typically occurs after a downtrend. It can be first step up.
If closing price is below 20-day moving average, potentially a bottom catch.

X50, typically occurs after FLM starts to step up and closing price above 20-day moving average.
If volume is 1.5x of previous day volume, and TLM is in green color zone and stepping up, X50 can be a potential entry.

User can choose to show or hide the alerts as shown on second set of Ladder Master

5. Fast Ladder Master : Red/Green Zone
FLM has two color zones, namely Green color zone and Red color zones.

Green color zone means an uptrend is in progress, Red color zone means a downtrend is in progress.

Users can choose to show or hide Red/Green color-zone as shown on second set of Ladder Master.

If user want to turn on FLM color-zone, it is recommended to turn off TLM color-zone to avoid overlapping.


6. Table and Indicator Brief Description
User can turn on the Table to show indicator name and status of Ladder Master. Text size adjustable.
User can also turn on brief description of indicator.

7. Indicator Application Illustration
Point 1 : TLM G alert , FLM x20 alerts, showed up simultaneously, close above 20-day moving average,
volume> 1.5x of previous day volume. Potential entry.

Point 2 : FLM x20 alert, TLM was still on the down trend, close below 20-day moving average,
Volume is <1.5x of previous day volume. Potential bottom catch, may have risk of moving down.

Point 3 : TLM G alert, FLM x50 alert, showed up simultaneously, close above 20-day moving average,
Volume > 1.5x of previous day volume. Potential entry.

Point 4 and 5 : FLM crossunder 80, potential exit.