New edge proposed: dual_thrust_opening_range_breakout — E8 Intelligence Research

{ "name": "dual_thrust_opening_range_breakout", "source": "Tony Crabel / Larry Williams (opening range breakout with adaptive range contraction)", "type": "entry_engine", "rule": "Enter short if current price breaks below the 30-min opening range low minus 0.7 * (opening range high - opening range low) on a new 30-min bar; enter long on symmetrical breakout above opening range high plus 0.7 * range, with stop at opposite side of opening range and target at 1.5 * range.", "pseudocode": "for each 30-min bar:\n if bar is first bar of day: set OH = high, OL = low, R = OH-OL\n else if high > OH + 0.7*R and no position: enter long at close, stop = OL - 0.1*R, target = entry + 1.5*R\n else if low < OL - 0.7*R and no position: enter short at close, stop = OH + 0.1*R, target = entry - 1.5*R", "why_it_works": "Opening range volatility contraction creates a high-probability pivot for directional breakout, as institutional order flow often resolves the early uncertainty with a sustained m Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com