New edge proposed: opening_range_breakout_with_prior_day_median_reclaim — E8 Intelligence Research

{ "name": "opening_range_breakout_with_prior_day_median_reclaim", "source": "Toby Crabel, 'Day Trading with Short Term Price Patterns and Opening Range Breakout'", "type": "entry_engine", "rule": "Enter long on a 5-minute close above the opening range high (first 30 minutes) if the prior day's median price (daily high+low/2) is below the opening range high and price has already reclaimed that median from below within the current session; enter short symmetrically.", "pseudocode": "if bar.time >= session_start and bar.time < session_start+30min: update OR_high, OR_low; if bar.time == session_start+30min: prior_median = (prev_high+prev_low)/2; if OR_high > prior_median: long_signal = close > OR_high AND low <= prior_median; if long_signal: buy next bar at open; stop = OR_low; target = OR_high + 2*(OR_high-OR_low); if close > OR_high update OR_high; if close < OR_low update OR_low; if time > session_start+4h: cancel", "why_it_works": "Combines the opening range breakout's momentum w Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com