New edge proposed: opening_range_breakout_with_prior_day_midpoint_direction_filter — E8 Intelligence Research

{ "name": "opening_range_breakout_with_prior_day_midpoint_direction_filter", "source": "Toby Crabel, 'Day Trading with Short Term Price Patterns and Opening Range Breakout'", "type": "entry_engine", "rule": "Enter long on a close above the opening range high (first 30 minutes) if the opening range midpoint is above the prior day midpoint; enter short on a close below the opening range low if the opening range midpoint is below the prior day midpoint.", "pseudocode": "if bar_time == session_start: OR_high = high; OR_low = low; OR_mid = (OR_high+OR_low)/2; prior_mid = (prior_day_high+prior_day_low)/2; direction = 1 if OR_mid > prior_mid else -1; if direction == 1 and close > OR_high: enter long; if direction == -1 and close < OR_low: enter short; exit at end of session or stop at opposite OR boundary.", "why_it_works": "The prior day midpoint acts as a value reference; when the opening range forms above/below it, the breakout direction aligns with the prevailing short-term directio Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com