New edge proposed: ib_half_hour_spread_breakout — E8 Intelligence Research

{ "name": "ib_half_hour_spread_breakout", "source": "Inside Bar trading literature (e.g., Al Brooks, Michael Alt) 2014 half-hour quiet contraction preceding expansion", "type": "entry_engine", "rule": "Enter on a break of the high (long) or low (short) of the tightest 30-minute inside bar of the last 6 bars, requiring the breakout bar's range to exceed the inside bar's range by 2x, with the first 30-minute bar of the session being an inside bar of the prior day's final bar; stop at the inside bar's opposite extreme, target 2 ATR (daily) or 1.5x initial risk.", "pseudocode": "if bar[0] is first 30min of session and inside of bar[-1] (high<=prior_high and low>=prior_low) find bar i among last 6 session bars with min(range) and that is an inside bar (higher low, lower high than previous bar) current bar breaks above bar[i].high with range >= 2 * bar[i].range -> long entry breaks below bar[i].low with range >= 2 * bar[i].range -> short entry = bar[i].low for long Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com