New edge proposed: double_seven_rule — E8 Intelligence Research

{ "name": "double_seven_rule", "source": "Linda Bradford Raschke / Larry Connors - 'Street Smarts' (1996)", "type": "entry_engine", "rule": "Enter long when the close is higher than the close 7 bars ago AND the close is lower than the close 7 bars ago in the opposite direction fails, specifically: buy on the first bar that closes above the high of the prior 7 bars after a 7-bar low, or sell on the first bar that closes below the low of the prior 7 bars after a 7-bar high, with a 200d7ATR stop.", "pseudocode": "for i in range(7, len(df)): if df['close'][i] > max(df['high'][i-7:i]) and df['close'][i] < min(df['low'][i-7:i]): # 7-bar high and low both broken on same close -> skip (conflict) continue if df['close'][i] > max(df['high'][i-7:i]): signal = 'buy' stop = df['low'][i] - 2 * ATR(i) elif df['close'][i] < min(df['low'][i-7:i]): signal = 'sell' stop = df['high'][i] + 2 * ATR(i) else: signal = 'none'", "why_it_works": "It captures Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com