Per the OP's request, given the sequence,
$$\alpha_n=1,-2,-1,2,1,-2,-1,1,\dots$$
and $\alpha_0=1$, we are to generate it using $(-1)^n$ and well-defined sequences of integers. The unsigned version is easy to do,
$$\beta_n = \tfrac{3-(-1)^n}2=1,2,1,2,1,2,1,2,\dots$$
So the problem really is to generate the signs,
$$U_n = 1,-1,-1,1,1,-1,-1,1,\dots$$
and fortunately answered by this post and this,
$$U_n =(-1)^{n(n+1)/2} = \sqrt{2}\cos\tfrac{(2n+1)\pi}4$$
$\color{blue}{Update:}$ We also have the rather exotic,
$$U_n = (-1)^{T_n}$$
with tribonacci numbers $T_n$,
$$T_n=\sum_{k=0}^{n-1}\sum_{j=0}^{n-k-1}\tbinom{n-k-1}{j}\tbinom{j}{k-j}=\color{blue}0,1, 1, \color{blue}{2, 4}, 7, 13, \color{blue}{24, 44}, 81, 149, \color{blue}{274, 504},\dots$$
and $T_0=0$.
Alternatively, we seek,
$$V_n = \tfrac{2n+1-(-1)^n}4= 0,1,1,2,2,3,3,4,\dots$$
which this post has considered. It then gives us three ways to form $\alpha_n$ as,
$$\alpha_n = \beta_n \,U_n=\tfrac{3-(-1)^n}2\,(-1)^{n(n+1)/2}\,=\,\tfrac{3-(-1)^n}2\,(-1)^{T_n}\tag1$$
and
$$\alpha_n = \beta_n \,(-1)^{V_n} = \tfrac{3-(-1)^n}2\,(-1)^{\frac14\big(2n+1-(-1)^n\big)}\tag2$$
P.S. For a signed sequence with period $5$, see here.