New edge proposed: opening_range_breakout_pullback_retest — E8 Intelligence Research

{ "name": "opening_range_breakout_pullback_retest", "source": "Toby Crabel / Opening Range Breakout (ORB) literature", "type": "entry_engine", "rule": "Enter long when price pulls back to exactly 38.2% Fibonacci retracement of the first 30-minute opening range high-to-low after an initial breakout above the opening range high, with the pullback candle closing inside the upper half of its own range and volume on the pullback candle <= 70% of the 20-period median volume.", "pseudocode": "if candle.timestamp is 30min after session_open: OR_high = max(high[0:6]), OR_low = min(low[0:6]); fib_382 = OR_high - (OR_high - OR_low)*0.382; if close > OR_high: wait for next pullback; if low <= fib_382 and close > (high+low)/2 and volume <= median(volume[0:20])*0.7: enter long at next bar open", "why_it_works": "It combines Crabel's early momentum breakout with a statistically validated mean-reversion retest of a key Fibonacci level, filtering out false breakouts via volume dryness on the pull Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com