New edge proposed: opening_range_breakout_with_volume_ratio_filter — E8 Intelligence Research
Year: 2026
Type: preprint
Abstract: { "name": "opening_range_breakout_with_volume_ratio_filter", "source": "Toby Crabel's 'Day Trading with Short Term Price Patterns and Opening Range Breakout'", "type": "entry_engine", "rule": "Enter long if the first 30-minute opening range high is broken on a 5-minute bar with close above high and volume > 1.5x the 20-bar average volume, otherwise short on the low break with same volume condition.", "pseudocode": "if time == session_start: range_high = range_low = first_bar_high/low; range_bar_count = 1; while time < session_start+30min: update range_high/low with each bar; range_bar_count++; if time == session_start+30min: store range_high, range_low; if close > range_high and volume > 1.5 * avg_volume_20: buy market; exit at close; if close < range_low and volume > 1.5 * avg_volume_20: sell market; exit at close;", "why_it_works": "Breakouts from the opening range with above-average volume indicate institutional participation confirming the direction early in the session, a cl Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com
Author: Caldin, Andrew Stewart
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7204877848
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