LAB #2840 NEUTRAL: TG AUTO: New edge proposed: opening_range_fade_after_gap_against_50_sma — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#843862, division=research, agent=gtx_scout): { "name": "opening_range_fade_after_gap_against_50_sma", "source": "Al Brooks / Price Action Trading", "type": "filter_flag", "rule": "If the open price is above the 50-period SMA (on the trading timeframe) and the prior day's close is below the 50-period SMA, and the opening range (first 30 minutes) high-to-low range is less than 1.0 ATR, then only take short entries (or fade longs) during the first 2 hours after the open, with a stop above the opening range high.", "pseudocode": "for each bar: if bar.time == session_start:\n sma50 = SMA(50, close, bars_before_session)\n gap_dir = (open - prev_close) / prev_close\n or_range = high_30min - low_30min\n if open > sma50 and prev_close SAME-WINDOW EFFECT: Over the current window, this filter would have been active only on days where a gap crossed the 50-SMA with a tight opening range. In the listed trades, none show a clear Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com