Individual tools for trading and technical analysis by vir2alexport.

Introduction
Al Po's Bands - My personal setup of what I found as best way to mark support and resistance(inspired by DeMark indicators in mid 2014). It is best combined with Al Po's U.S-101(elite). Identify trend, channels, medians, expectation(candle's expectation support and resistance points), trends reversals and more. Works fast, yet shows you all important levels. Settings menu frightening at the first look, but I can assure you that step by step I am going to show you how to use my scripts and methods to improve your results.

Global Overbuy Resistance on/off [☝]
A top green line(by default) shows where the price's top limits are. This line and candle's resistance point cross each other on strong sequential countdown setup triggered after closing a strong setup (9 by default). Configurable with: Buy/Setup/Delta/Overbuy/styles settings.

This line helpful in few different situations:
- Price breakout
  
  As you can see on the chart above:
  - Breakout - price strike above the Overbuy Resistance green line.
    TIP: This is where we wait until we see a new channel or a first 3 dots of it(red-grey-green). If price fail to close above the median(grey dot) then most likely it will fall lower to red line or try to close above again.
  - Breakout, after some period of time, followed by green Overbuy Resistance line. Candle right after it we see a new reversed-channel(!) and price close above it without trying the median(grey) - strong signal!
  - Another breakout which is mostly yellow and red(dangerous!) but again, price close above median(grey) and above resistance(green), and what is important now to see Overbuy Resistance strike into the breakout and try to limit this thing from the top.
  - Another breakout - another Overbuy Resistance follow. Bears push really hard and in the end we see a channel and price closed below it's support(red)line. This is where things start to go bad.
- Resistance strike
  
  As you can see on the chart, what is right to do right after what was described in the section above is:
  - Build a channel from what we currently have(green,grey,red dotted channels).
    TIP: you want to choose the longest lines(green,red) and some line between them(usually grey). This is where it is good to raise Support and Resistance Width a bit
  - When price go under our red line we should already be out of market from the moment that it failed to stay in 1st channel breaking support(red) down. Now time to consider buy back or stay out of risk.
  - On chart like this you immediately see how price move higher trying to close above the median(grey) and resistance(green).
    TIP: In this situation most likely best moment to buy back is when the price go under the red line
  - Channel breakout! This is where you wait for new dots to become channels and again, always ready for breakout followed by the Overbuy Resistance strike or breakdown followed by support fall, etc.
Global Oversell Support on/off [☝]
A bottom red line(by default) shows where the price's bottom limits are. This line and candle's resistance point cross on strong sequential countdown setup triggered after closing a strong setup (9 by default).

This line helpful in same different situations as her brother Overbuy Resistance in same exact way but for Sell situations :
- Support strike
- Channel breakout
Overbuy Source [☝]
The source for Overbuy(close by default). You can play with, for example, low/high to markdown breakdowns on low after strong move up and breakouts on high after strong move down situations.
Oversell Source [☝]
The source for Oversell(close by default). You can play with, for example, low/high to markdown breakdowns on low after strong move down and breakouts on high after strong move up situations.

Ok, now you should be familiar with Global Overbuy/Oversell setting. You can turn it off and scale chart to "2nd level" Overbuy and Oversell(2 dots for each candle) which represents current resistance/support expectation.

As you can see it's a colored channel: 3 colors that represents result of a switch(20 cases; except the unmet expectation events).

TIP: it is important to note that sometimes price never actually goes to where the expectation points are. Strong unmet expectation becomes important support/resistance levels for the future. Also note, that the bigger the quantity of dots on the line the greater the strength of that level in future resistance/support events

Buy Sequence Length [2-99] [☝]
Basic sequence length(4 by default). Basically, the length of how frequently(by default each 4 candles) you want to update its source(close by default). Usually 3 to 5.
Sell Sequence Length [2-99] [☝]
Basic sequence length(4 by default). Basically, the length of how frequently(each 4 candles by default) you want to update its source(close by default). Usually 3 to 5.
BUY DELTA = SETUP/SL [0.001-1.000] [☝]
Used for Al Po's U.S-101(elite) to sync with it's numbers. Very sensitive switch. Helps to close above/below the source of basic sequence to smooth the results a little bit(helpful when it comes to tiny differences in sequence).
SELL DELTA = SETUP/SL [0.001-1.000] [☝]
Used for Al Po's U.S-101(elite) to sync with it's numbers. Very sensitive switch. Helps to close above/below the source of basic sequence to smooth the results a little bit(helpful when it comes to tiny differences in sequence).
Sequence Buy Source [☝]
Channels green line source(close by default).
Sequence Sell Source [☝]
Channels red line source(close by default).
Buy Setup Source [☝]
Source of the buy setup sequence(low by default).
Sell Setup Source [☝]
Source of the sell setup sequence(high by default).
Buy Setup [5-14] [☝]
Buy setup sequence(9 by default).
Sell Setup [5-14] [☝]
Sell setup sequence(9 by default).
Buy Countdown Source [☝]
Source for Buy countdown.
Sell Countdown Source [☝]
Source for Sell countdown.
Buy Countdown [5-15] [☝]
Buy setup sequence(13 by default). The thing that starts counter after Buy Setup strong close(9 by default)
Sell Countdown [5-15] [☝]
Sell setup sequence(13 by default). The thing that starts counter after Sell Setup strong close(9 by default)
Transparency of a dragon [☝]
Transparency of a colored channel.
Transparency of channels [☝]
Transparency of a grey channels(with resistance, median and support lines).

Styles:

overbuy style [☝]
0-default(2);1-histogram;2-line;3-cross;4-area;5-columns;6-circles;
oversell style [☝]
0-default(2);1-histogram;2-line;3-cross;4-area;5-columns;6-circles;
overbuy width [☝]
1 to 4 width of line
oversell width [☝]
1 to 4 width of line
Support style [☝]
0-default(2);1-histogram;2-line;3-cross;4-area;5-columns;6-circles;
Resistance style [☝]
0-default(2);1-histogram;2-line;3-cross;4-area;5-columns;6-circles;
Support width [☝]
1 to 4 width of line
Resistance width [☝]
1 to 4 width of line
Simple Practices    [☝]
1) Switch your chart to monthly timeframe and draw lines everywhere you see longest lines (support, resistans, median) and significant unmet expectation events    [☝]

2) Switch to weekly/daily timeframes    [☝]

3) Now your lines should show the exact levels of most significant support/resistance    [☝]

4) Unmet expectation on monthly timeframe is a signal that should be considered respectfully. Greater gap between the price and the expectation point - greater the strength of a signal.    [☝]

5) Buy the dips and Sell the heights on weekly chart relying on Global Overbuy(always sell above) and Oversell(always buy below)    [☝]

NO NEED NEWS from the mass media!    [☝]

Energy-efficient long term method to make profits spending 15mins a day to read your charts.    [☝]

Check out live examples of Data Analysis and more:
Twitter @cryptoratingbot
Telegram: http://t.me/sequentialvzion

* If you have any questions please e-mail [email protected]