A pattern to PUT during weak marketI try to research and develop some pattern when the market is weak:
In this case I try 3 patterns below:
var int cnt_out_up = 0
Pattern #1: Big drop
wma_11 = ta.wma(close, 11)
wma11 = request.security(symbol=syminfo.tickerid, timeframe="13", expression=wma_11, lookahead=barmerge.lookahead_on)
wma_48 = ta.wma(close, 48)
wma48 = request.security(symbol=syminfo.tickerid, timeframe="13", expression=wma_48, lookahead=barmerge.lookahead_on)
rsi = ta.rsi(close, 9)
bigdrop = rsi + 8 < rsi and close > wma48
if bigdrop
cnt_out_up := cnt_out_up + 1
Pattern #2
var int cnt_put = 0
gain1 = math.abs(close-close )
gain2 = math.abs(close -close )
pattern_put = close >close and close >close and high<=high and close <= close and (gain1-gain2)/gain2 <= -0.5 or ((high-low)-(high-close)) / (high-low) < 0.25 and wma11 close and ochl < 0.1 and (low < low and low < low )
If pattern #1, #2 and #3 occur then I set a PUT trigger.
Try this one and enjoy!
