New edge proposed: boomer_range_hv_break — E8 Intelligence Research

{ "name": "boomer_range_hv_break", "source": "Linda Raschke / Larry Connors - 'High Probability Trading' and 'Street Smarts'", "type": "entry_engine", "rule": "Enter short when price closes below the lowest low of the prior 20 bars AND the 20-bar Bollinger Band width (2-sigma) is in the top quintile of its own 100-bar lookback (high volatility regime), AND the 5-min bar closes below the lower Bollinger Band.", "pseudocode": "lowest_low_20 = min(low[-20:]); bb_width_20 = (bb_upper_20 - bb_lower_20) / bb_middle_20; hv_quintile = percentile(bb_width_20_lookback_100, 80); if close < lowest_low_20 and close < bb_lower_20 and bb_width_20 > hv_quintile: enter_short_at_close; stop_loss = highest_high_5; take_profit_1 = entry - 1.0 * atr_14; take_profit_2 = entry - 1.618 * atr_14", "why_it_works": "High-volatility breakdowns through a multi-bar range floor often trigger cascade stops and momentum continuation, and the confluence of a volatility regime filter avoids false breakouts during Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com