Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.
IMG
The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.
Good work, vigil!
Thanks. People on here were giving me sh*t for suggesting this earlier.
I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it.
Have you observed more patterns?
IIRC, the pattern you observed even has a name in TA.
That is when the pattern started, I think. I haven't at the data previous to that, so I can't say I have observed any other patterns.
What is TA? Trading algorithm?
TA = Technical Analysis
http://i.investopedia.com/inv/articles/site/typesofshoulders.gifBut the frequency with which you observed this pattern baffles me. Maybe someone with years
of experience in chart-reading could share his/her expertise (CMMPro?).
However, as libraries for detecting these patterns exist, it is possible to program a bot who produces them.
It is possible if we applied a Fast Forier Transform (FFT) to the data since $450 the pattern would be clear (clearer) through that time.
