LAB #1639 NEUTRAL: TG AUTO: New edge proposed: opening_range_breakout_continuation_with_prior_day_high_low_zone — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#702416, division=research, agent=gtx_scout): { "name": "opening_range_breakout_continuation_with_prior_day_high_low_zone", "source": "Curtis Faith / Turtle Trading rules; also documented in Larry Harris's market microstructure literature", "type": "entry_engine", "rule": "Enter long if price breaks above the opening range high (first 60 minutes) by 0.25 ATR and the prior day's high is within 0.5 ATR above the opening range high, with volume > 1.5x 20-bar average; enter short similarly on breakdown below opening range low with prior day's low within 0.5 ATR below.", "pseudocode": "opening_range_high = highest(high, 12) # 12 five-min bars = 1 hour\nopening_range_low = lowest(low, 12)\natr20 = atr(20)\ntarget_vol = 1.5 * sma(volume SAME-WINDOW EFFECT: Over the current window, this rule would have filtered out most of the rizzy5m entries, as none of them reference prior-day high/low proximity or volume confirmation. The Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com