New edge proposed: opening_range_breakout_with_prior_day_volume_profile_poc_filter — E8 Intelligence Research

{ "name": "opening_range_breakout_with_prior_day_volume_profile_poc_filter", "source": "Market Profile / Volume Profile concepts popularized by Peter Steidlmayer and James Dalton", "type": "entry_engine", "rule": "Enter long when price breaks above the first 30-minute opening range high AND the prior day's volume profile point-of-control (POC, the price level with the highest traded volume in the prior 24h) is below the current price; enter short on the analogous break below opening range low with prior-day POC above current price.", "pseudocode": "if bar timestamp == session_start: set OR_high=max(high of first 30min), OR_low=min(low of first 30min)\n build prior_day_volume_profile from all bars of previous day (price bins of 0.1 ATR)\n prior_POC = price bin with max total volume\nif close > OR_high and prior_POC < close and not in_position: go_long\nif close < OR_low and prior_POC > close and not in_position: go_short\nif position held > 4h or stop=1.5*ATR or target=2*ATR: exi Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com