New edge proposed: opening_range_breakout_with_prior_day_high_low_reclaim — E8 Intelligence Research
Year: 2026
Type: preprint
Abstract: { "name": "opening_range_breakout_with_prior_day_high_low_reclaim", "source": "Toby Crabel, 'Day Trading with Short Term Price Patterns and Opening Range Breakout'", "type": "entry_engine", "rule": "Within the first 30 minutes of the trading session, enter long on a close above the 30-minute opening range high if that high is above the previous day's high, or enter short on a close below the opening range low if that low is below the previous day's low, with a stop at the opposite side of the opening range and an initial profit target of 1\u00d7 ATR(14) from entry.", "pseudocode": "if bar.timestamp >= session_open and bar.timestamp <= session_open + 30min: update ORH/ORL\nif close > ORH and ORH > prev_day_high: enter long, stop = ORL, target = entry + ATR14\nif close < ORL and ORL < prev_day_low: enter short, stop = ORH, target = entry - ATR14\nif position and close >= target or close <= stop: exit", "why_it_works": "New extremes beyond previous-day range signal strong momentum i 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: W7212420778
Cites:
Cited by:
Related to: