New edge proposed: morning_direction_imbalance_reversal — E8 Intelligence Research

{ "name": "morning_direction_imbalance_reversal", "source": "Trading literature: 'Market Profile' / auction market theory (Steidlmayer)", "type": "entry_engine", "rule": "Enter short if the first 60-minute opening range (from 00:00 UTC) has a bearish direction (close < open) AND the range's high is within 0.2 ATR of the prior day's high; enter long if the range is bullish (close > open) AND the range's low is within 0.2 ATR of the prior day's low.", "pseudocode": "if bar.timestamp == session_start: \\n range_high = max(high of first 60min)\\n range_low = min(low of first 60min)\\n range_close = close of last bar in 60min\\n range_open = open of first bar in 60min\\n atr = ATR(14) at session start\\n if range_close < range_open and abs(range_high - prior_day_high) < 0.2*atr: \\n enter_short at range_close\\n if range_close > range_open and abs(range_low - prior_day_low) < 0.2*atr: \\n enter_long at range_close", "why_it_works": "The market often Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com